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14 Feb 2013
New Zealand sales up 2.1% vs 1.1% estimates; NZD/USD reaches new 1.5 year high
New Zealand Q4 retail sales rose to 2.1% against expectations for +1.2%. As stated by Geoff Bascand, Government Statistician at the Burueau of Statistics in New Zealand, for the December 2012 quarter, compared with the September 2012 quarter (seasonally adjusted):
"The total volume of retail sales rose 2.1 percent. The total value of retail sales rose 1.7 percent. Hardware, building, and garden supplies retailing rose strongly for a second consecutive quarter, again boosted by high sales in Canterbury."
The data has boosted the NZD/USD to fresh 1.5 year high, currently at 0.8514.
"The total volume of retail sales rose 2.1 percent. The total value of retail sales rose 1.7 percent. Hardware, building, and garden supplies retailing rose strongly for a second consecutive quarter, again boosted by high sales in Canterbury."
The data has boosted the NZD/USD to fresh 1.5 year high, currently at 0.8514.