Statistics New Zealand have attributed the miss on Q1 retail sales to slower than expected spending on clothing and footwear due to warm weather:
- volume of retail sales rose 0.5% compared with the December 2012 quarter
- Sales volumes were up in 10 of the 15 retail industries
the trends for both total retail sales values and volumes have been generally rising since mid-2009
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NZD/USD is still just below 0.8250
- Support around 0.8230
- Resistance now 0.8270/75
