Higher numbers than forecast tend to be bullish for NZD/xxx pairs and bearish for xxx/NZD pairs.
The most recent announced value for Retail Sales (QoQ) was 0.9% against a forecast of 0.6%.
Recent economic data has been moderately bullish for NZD. Other recent announcements which may affect the market's interpretation of the next Retail Sales (QoQ) result:
Previous | Latest | ||||
---|---|---|---|---|---|
Retail Sales ex Autos (QoQ) | Bullish change | -0.6% | 1.4% | ||
Exports | Bearish change | $6.67B | $6.19B | ||
Imports | Bullish change | $6.58B | $6.68B | ||
Trade Balance NZD (YoY) | Bullish change | $-7.8B | $-7.22B | ||
RBNZ Interest Rate Decision | Bearish change | 4.25% | 3.75% | ||
Producer Price Index - Output (QoQ) | Bearish change | 1.5% | -0.1% | ||
Business NZ PSI | Bullish change | 48.1 | 50.4 |
Country: | New Zealand |
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Currency: | NZD |
Source: | Stats NZ |
Category: | Consumption |
Frequency: | Quarterly |