Monitor NZ Core Retail Sales q/q to gauge consumer spending trends, excluding volatile auto and gas sectors.
Sales from automobiles and gas stations contribute roughly 20% to total retail sales, but they can be highly volatile and may obscure the true trend. Therefore, core data is considered a more reliable indicator of consumer spending trends.
What it Measures
Represents the change in total volume of retail sales adjusted for inflation, excluding automobiles and gas stations.
Usual Effect
'Actual' figures exceeding 'Forecast' are favorable for the currency.
Source & Frequency
Statistics New Zealand (latest release) - https://www.stats.govt.nz/ • Published quarterly, approximately 55 days following the end of the quarter.
How Data is Derived
N/A
Also Known As
Retail Sales Ex Autos
Acronym
N/A