NZ Q2 retail sales volumes rise more than expected; kiwi dollar gains

Tue, 21 Aug 2018

By Tina Morrison Aug. 22 (BusinessDesk) - New Zealand retail sales volumes accelerated more than expected in the second quarter, led by hardware and building supplies. Retail sales volumes rose a seasonally adjusted 1.1 percent in the second quarter, from a revised 0.3 percent gain in the first quarter, Statistics New Zealand said. That's higher than the 0.4 percent gain expected by economists and the New Zealand dollar lifted around 0.3 percent to trade at 67.07 US cents. “This quarter had growth in a number of industries, some of wh...

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