-
New Zealand Q2 Retail Sales Advance 1.1%
Retail sales in New Zealand climbed 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. Food and beverage services rose 1.7 percent, rebounding from a 1.0 percent fall in the ... (full story)