New Zealand spent much of Q3 in some form of lockdown or another - mainly in the largest city, Auckland.
New Zealand Retail sales for Q3 -8.1% q/q
- expected -10.5% q/q (lockdown impact), prior 3.3%
And, for the y/y, -5.2%
- prior 33.3% y/y (the y/y in Q2 was also lockdown impacted)
The focus in NZ this week is the Reserve Bank of New Zealand policy announcement on Wednesday: