New Zealand Core Retail Sales for Q1: +2.7%

  • expected +1.6%, prior was +1.96%, revised from +1.7%

A big beat for NZ retail sales

  • Biggest q/q increase ever (series began in September 2003)
  • All 15 retail categories higher - for the first time since Q4 2006

NZD continuing its most recent climb started earlier: