Get out there and spend you lot!
Q3 Retail sales excl. inflation: +0.2% q/q
- expected +0.1%
- prior +1.8%, revised from +1.9%
NZD up a little more after the beat.
8 industries recorded increases in the September quarter
- electrical and electronic goods had the largest rise
- food and beverage services recorded the largest decrease
More:
- When the effects of price changes are included, total retail sales values rose 0.1 percent in the quarter
- The last time retail sales growth was around this level was in the June 2015 quarter
- Eight of the 15 industries had higher sales values with supermarket and grocery sales recording the largest increase
- largest decrease was in fuel retailing
As I update, NZD back to where it was prior to the release (more or less)