NZ retail sales rise 1.2% in final quarter of 2015, led by tourism, housing activity

Mon, 15 Feb 2016

By Tina Morrison Feb. 16 (BusinessDesk) - New Zealand retail sales volumes increased in the final quarter of 2015, led by housing and tourism activity. The volume of retail sales gained a seasonally adjusted 1.2 percent in the three months through December, from the September quarter, according to Statistics New Zealand. That lags behind the 1.4 percent forecast in a Reuters poll of economists. Retail sales volumes for the September quarter were revised lower to 1.5 percent from 1.6 percent. The New Zealand dollar slipped to 66.38 US...

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