HiFX Data Update - NZ Q2 Retail Sales Release

Monday, 14 August 2017, 11:21 am
Press Release: HiFX

HiFX Data Update - NZ Q2 Retail Sales Release

NZ Retail Sales numbers for Q2 have just been released.

They came in considerably better than expected:

Adjusted Retail Sales Volume (Q2) +2.0% (Consensus +0.7%)
Adjusted (Core) Retail Sales Value +1.8% (Consensus +0.8%)

Actual Q2 Retail Sales rose 5.4% compared with same quarter last year (4.6% forecast). I expect the Lion’s supporter’s spending would have impacted these figures.

Q1 figures were revised higher to +1.6% from +1.5%.

The NZD is a higher in immediate response.

Current indicative levels are:

NZD-USD 0.7310 / 0.7335
NZD-AUD 0.9265 / 0.9290
NZD-EUR 0.6180 / 0.6205
NZD-GBP 0.5615 / 0.5640
NZD-JPY 79.80 / 80.05
NZD-CAD 0.9270 / 0.9295

ends

© Scoop Media

HiFX

International Payments Expertly Done

HiFX is one of the largest foreign exchange and international payment specialists in the world, managing over $30 billion on behalf of over 100,000 clients worldwide every year.

Large enough to undertake the biggest transactions, yet small enough to care about each and every one – send and receive overseas payments and manage your account anytime, anywhere. HiFX gives you the flexibility you need to transfer money quickly and easily via a secure online platform 24 hours a day, seven days a week - making moving money as easy as 1,2,3.

HiFX Ltd ABN 54 106 779 953/ AFSL No 240914

Contact HiFX

• Website - www.hifx.co.nz
• About - HiFX International Payments
• Link - Live Rates (Interbank Exchange Rates)
• Marketwatch - Latest Market briefings
• Register - Personal Account Setup
• Register - Business Account Setup
• Linkedin
• Facebook