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Financial News: New Zealand Retail Sales Climb 1.1% In Q2

New Zealand Retail Sales Climb 1.1% In Q2

08/21/2018 - 19:19:00 (RTTNews)

(RTTNews) - Retail sales in New Zealand gained a seasonally adjusted 1.1 percent on quarter in the second quarter of 2018, Statistics New Zealand said on Wednesday.

That beat forecasts for an increase of 0.3 percent, which would have been unchanged from the three months prior following an upward revision from 0.1 percent.

According to the data, 11 of the 15 retail industries had higher sales volumes.

Hardware, building, and garden supplies had the largest increase, up 4.7 percent after a subdued 0.6 percent increase in the March 2018 quarter.

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