New Zealand retail sales rise slower than forecast

ForexNewsNow | Published on July 13, 2010 at 5:26 pm

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NEW YORK (Forex News Now) – Retail sales in New Zealand rose in May for the second time in three months but at a slower pace than forecast, official data showed on Tuesday, in one of the day’s spotlight FX news events.

New Zealand’s statistics bureau said retail sales rose 0.4 percent month-on-month in May, after a drop of 0.3 percent in April.

Analysts had more significant growth of 0.6 percent in March, two global forex news outlets reported.


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