Track NZ Retail Sales q/q to gauge consumer spending, a major driver of economic activity.
This report serves as the main indicator of consumer spending, representing the vast majority of overall economic activity. While it is released significantly later than similar data from other nations, it remains the key measure of consumer expenditures and can lead to considerable market effects.
What it Measures
Represents the change in the total value of sales at the retail level, adjusted for inflation.
Usual Effect
A result that exceeds the forecast is considered favorable for the currency.
Source & Frequency
Statistics New Zealand (latest release) - https://www.stats.govt.nz/ • Published quarterly, approximately 55 days after the end of the quarter.
How Data is Derived
N/A
Also Known As
N/A
Acronym
N/A