CORRECT NZ retail sales grow 2.1 percent in 4Q, sending TWI to post-float high

Thu, 14 Feb 2013

(Corrects to show trade-weighted index at post float high in first and third paragraphs) Feb. 15 (BusinessDesk) – New Zealand retail sales recorded the fastest growth in six years in the fourth quarter, adding to signs of a rebound in consumer spending and sentiment, and sending the trade-weighted index to a post-float high. The total volume of retail sales rose 2.1 percent, seasonally adjusted, in the final three months of 2012 and rose 2.9 percent from the same period a year earlier, according to Statistics New Zealand. Quarterly sales bea...

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