NZ retail sales volumes rise at fastest pace in a decade in the second quarter

Thu, 11 Aug 2016

By Tina Morrison Aug. 12 (BusinessDesk) - New Zealand second-quarter retail sales volumes rose at the fastest pace in close to a decade, beating economist expectations. The volume of retail sales increased a seasonally adjusted 2.3 percent in the three months through June from the March quarter, the biggest percentage increase since the December 2006 quarter, Statistics New Zealand said. That's ahead of the 0.9 percent forecast in a Reuters poll of economists. Retail sales volumes for the March quarter were revised up to 1 percent from 0....

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