• Retail m/m rose 3.0 % in August (survey 0.8% , prior -0.6% , revised -1.1%).
  • Total spending m/m rose 2.4 % ( survey 1.0% , prior -0.8%, revised -1.4% ).

Biggest monthly increase in August in ten years. The surge in spending on fuel was being cited .

NZD/USD trading slightly higher at 0.8895/98 ( session highs) .