Fourth-quarter New Zealand retail sales
- retail sales ex inflation 4Q 0.7% versus 0.8% estimate. Prior quarter came in at 1.6%
- year on year actual retail sales 3.3% versus a 4.5% in the 3rd quarter
- core retail sales +0.5% versus 0.9% estimate. That is down from the prior quarter of 1.8%
- Fuel outlet sales rise and 0.8% versus 10.2% last quarter
- motor vehicle/ports 1.7% versus 1.9% last quarter
- core industries total 0.5% versus 1.9% last quarter
- Department stores -3.8% versus +3.8% last quarter
- recreational goods +3.6% versus +4.0% last quarter
- electrical goods +4.3% players versus +4.4% last quarter
- accommodations 2.7% versus -1.1% last quarter
- liquor -1.2% versus +2.7% last quarter
- supermarket/groceries -1.1% versus +0.9% last quarter
- pharmaceuticals +4.1% versus +2.8% last quarter
- For 2019, 1Q +0.8%. 2Q, +0.2%. 3Q +1.7%. 4Q, +0.7%
The NZDUSD is currently trading down about 34 pips at 0.6315.
