Lower numbers than forecast tend to be bullish for xxx/NZD pairs and bearish for NZD/xxx pairs.
The most recent announced value for Retail Sales (QoQ) was -1.2% against a forecast of -1%.
Recent economic data has been broadly neutral for NZD. Other recent announcements which may affect the market's interpretation of the next Retail Sales (QoQ) result:
Previous | Latest | ||||
---|---|---|---|---|---|
Westpac Consumer Survey | Bullish change | 82.2 | 90.8 | ||
Gross Domestic Product (QoQ) | Bearish change | 0.1% | -0.2% | ||
Gross Domestic Product (YoY) | Bearish change | 0.5% | -0.5% | ||
Business NZ PSI | Bullish change | 45.2 | 45.5 | ||
Business NZ PMI | Bullish change | 44.4 | 45.8 |
Country: | New Zealand |
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Currency: | NZD |
Source: | Stats NZ |
Category: | Consumption |
Frequency: | Quarterly |