New Zealand retail sales indicator +1.4% m/m (prior +1%) & +28.6% y/y (prior +26.9%)

Electronic card transactions data for September 2022.

Sales on electronic cards cover about 68% of core retail sales in New Zealand. This is the main indicator for retail sales in NZ.

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Earlier post on resilient demand in NZ:

• New Zealand traffic data points to some upside risk to Q3 GDP - demand resilient

NZD/USD still little changed: