NZ retail sales growth slows in first quarter, missing estimates

Thu, 12 May 2016

By Tina Morrison May 13 (BusinessDesk) - New Zealand first-quarter retail sales volumes rose at the slowest pace for three quarters, missing economist expectations. The volume of retail sales increased a seasonally adjusted 0.8 percent in the three months through March from the December quarter, Statistics New Zealand said. That lags behind the 1 percent forecast in a Reuters poll of economists. Retail sales volumes for the December quarter were revised lower to 1.1 percent from 1.2 percent. Core retail volumes, which excludes the more vo...

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