HiFX Data Update - NZ Q4 Retail Sales Release
NZ Retail numbers for Q4 have just been released.
They came in better than expected:
Adjusted Retail Sales Volume (Q4) +1.7% (Consensus +1.4%)
Actual Q4 Retail Sales rose 5.4% compared with same quarter last year.
Q3 figures were revised higher to +0.3% from +0.2%.
Retail sales values were lifted by increases in food & beverage services and grocery sales.
The NZD is a little higher in immediate response.
Current indicative levels are:
NZD-USD 0.7330 / 0.7355
NZD-AUD 0.9345 / 0.9370
NZD-EUR 0.5940 / 0.5965
NZD-GBP 0.5245 / 0.5270
NZD-JPY 78.25 / 78.50
NZD-CAD 0.9315 / 0.9340