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New Zealand Retail Sales Fall 0.7% In Q1

The total volume of retail sales in New Zealand was down a seasonally adjusted 0.7 percent on quarter, Statistics New Zealand said on Friday - following the downwardly revised flat reading in the three months prior (originally a 0.7 percent increase).

The value of retail sales (with price effects included) fell 0.4 percent (NZ$89 million) as 10 of the 16 regions showed lower sales values.

On a yearly basis, retail sales advanced 2.3 percent - slowing from the 3.3 percent increase in the previous three months.

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