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 moderately bullish for NZD. Other recent announcements which may affect the market's interpretation of the next Retail Sales (QoQ) result:
Previous | Latest | ||||
---|---|---|---|---|---|
Building Permits s.a. (MoM) | Bearish change | 26.4% | -5.3% | ||
Exports | Bearish change | $6.09B | $4.97B | ||
Imports | Bullish change | $7.1B | $7.17B | ||
Trade Balance NZD (YoY) | Bullish change | $-9.35B | $-9.29B | ||
Westpac Consumer Survey | Bullish change | 82.2 | 90.8 |
Country: | New Zealand |
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Currency: | NZD |
Source: | Stats NZ |
Category: | Consumption |
Frequency: | Quarterly |