NZ first-quarter retail sales grow 0.7%, slightly better than expected

Tue, 21 May 2019

By Rebecca Howard May 22 (BusinessDesk) - New Zealand's retail sales were slightly higher than expected in the first quarter amid increased spending at department stores and on hardware and building supplies. Retail sales volumes rose a seasonally adjusted 0.7 percent in the March quarter from 1.7 percent in the December quarter, Stats NZ said. Economists had predicted a lift of 0.6 percent. “In the March quarter, two industries with the largest increases were partly offset by two industries with the largest falls,” retail statistics m...

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