New Zealand Q1 Retail Sales QoQ
Statistics New Zealand announced the New Zealand Q1 Retail Sales QoQ on 2025-05-22. The reported figure stands at 0.8%, against a forecast of 0%, with the prior figure recorded as 0.90%.
Regarding the New Zealand Q1 Retail Sales QoQ, If the published value is greater than the expected value, it is good for the New Zealand dollar; an increase in a country's retail sales indicates an increase in consumer spending, which signals an improvement in economic conditions, making it likely that interest rates will rise, benefiting the currency; conversely, if retail sales decline, it indicates a slowdown or poor economic performance, and interest rates may be lowered, which is bearish for the country's currency, Retail data plays a crucial guiding role in determining a country's economic status and outlook, as retail sales directly reflect changes in consumer spending. In developed Western countries, consumer spending typically accounts for more than half of the national economy; in countries like the United States and the United Kingdom, this proportion can reach two-thirds.
This data holds an importance level of , calculated using Statistics on the changes in the retail sales industry over a month, and updates Every quarter, the data for the previous quarter is announced in the second month of the quarter.
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