NZ retail sales up 0.5% in Q1, ending two-year downturn

New Zealand’s retail sales volumes rose by 0.5% qoq to NZD 25B in Q1, significantly outperforming the anticipated -0.3% qoq decline. Sales values increased by 0.7% qoq to NZD 30B.
“In the March quarter, we saw a modest increase in retail ac
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