Sales on electronic cards cover around 68% of core retail sales in New Zealand
Retail +1.4% m/m
- expected +0.5%, prior +0.5%
Total +0.6% m/m
- prior +0.2%
Not generally too much of an immediate NZD mover. Nevertheless, a good beat on retail spending.
NZD data was a little soft in the aftermath of the election but has recovered somewhat in recent weeks and months.
NZD little changed.
