Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

Retail sales in New Zealand were reported to have decreased at a quarterly pace of 1.2% in Q2 of 2024, after a revised down 0.5% rise in the first quarter.

Market consensus had pointed to a 1% quarter-on-quarter decline.

The Q2 sales drop extended the downward trend observed over the past eight quarters.

In Q2, eleven out of the fifteen retail industries registered lower sales volumes, with the biggest declines being in:

– electrical and electronic goods retailing (-6.0% quarter-on-quarter);
– clothing, footwear and personal accessories (-4.1% quarter-on-quarter);
– motor vehicle and parts retailing (-2.7% quarter-on-quarter);
– food and beverage services (-1.9% quarter-on-quarter).

In annual terms, retail sales in New Zealand decreased 3.6% in the second quarter, following a 2.4% slump in Q1.

The New Zealand Dollar was 0.11% firmer on the day against the Euro, with the EUR/NZD currency pair last trading at 1.8073.

The minor Forex pair was hovering just above a 1-month low of 1.8030, which it recorded on August 20th.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • Forex Market: GBP/USD trading outlook for September 28th 2016Forex Market: GBP/USD trading outlook for September 28th 2016 Yesterday’s trade (in GMT terms) saw GBP/USD within the range of 1.2936-1.3027. The pair closed at 1.3023, edging up 0.37% compared to Mondays close. It has been the 161st gain in the past 347 trading days and also a second consecutive […]
  • Gold rallies as SPDR assets surge, China en route to becoming top bullion consumerGold rallies as SPDR assets surge, China en route to becoming top bullion consumer Gold rose to the highest level in August as assets in the SPDR Gold Trust, the biggest bullion-backed ETP, expanded for the first time since June. Meanwhile increased demand for the precious metal in China has put the country back on track to […]
  • Gold trading outlook: futures rebound ahead of revised US GDP data, CCIGold trading outlook: futures rebound ahead of revised US GDP data, CCI On Monday gold for delivery in December traded within the range of $1,065.70-$1,076.40. Futures closed at $1,066.80, losing 0.89% on a daily basis, while extending the loss from Friday. The daily low has been the lowest level since November […]
  • Forex Market: GBP/USD daily trading outlookForex Market: GBP/USD daily trading outlook Yesterday’s trade saw GBP/USD within the range of 1.3289-1.3533. The pair closed at 1.3430, rising 0.66% compared to Tuesdays close. It has been the 130th gain in the past 283 trading days and also a second consecutive one. The cross has […]
  • Forex Market: EUR/CAD daily forecastForex Market: EUR/CAD daily forecast During yesterday’s trading session EUR/CAD traded within the range of 1.4481-1.4546 and closed at 1.4488.At 6:30 GMT today EUR/CAD was losing 0.08% for the day to trade at 1.4481. The pair touched a daily low at 1.4466 at 2:30 GMT, […]
  • Gold trading outlook: futures edge up but remain below $1 200Gold trading outlook: futures edge up but remain below $1 200 Gold was little changed on Monday, maintaining its overnight gains, amid expectations that the precious metal would fall due to a stronger dollar and weaker investor interest.Comex gold for delivery in February gained 0.03% to $1 195.6 per […]