NZ 1Q quarterly retail sales up 0.1% as weaker fuel and vehicle sales weigh

Sun, 20 May 2018

By Rebecca Howard May 21 (BusinessDesk) - New Zealand retail sales rose in the March quarter but were lower than expected on weaker fuel and motor vehicle and parts retailing after a biosecurity threat crimped car imports. Retail sales volumes rose 0.1 percent in the March quarter on an adjusted basis for seasonal and price effects, from a revised 1.4 percent gain in the fourth quarter, Statistics New Zealand said. Economists had expected retail sales volumes to lift 1 percent. "Overall, retail spending in the first three months of t...

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