December quarter 2021 retail sales rose sharply on reopening impacts, this March quarter headline is negative q/q
- Q1 2022 retail sales -0.5% q/q (prior +8.6%)
- and for the y/y comes in at +2.3% (vs. prior 4.4%)
Core retail sales 0.0% on the quarter,(prior +6.8%)
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Keep in mind that this data is for January to March. And its nearly June now. All economic data is somewhat dated, but this is very stale data.
NZD dribbling a little lower:
