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New Zealand's Q2 retail sales expected to rise by 0.8% - BNZ

FXStreet (Łódź) - Stephen Toplis, Head of Research at BNZ believes that New Zealand's Q2 retail sales data, due out on Wednesday, will show 0.8% growth, below market consensus of a 1% rise.

Key quotes

"Something of this order would certainly be consistent with the recent degree of positivity emanating from the consumer sector."

"A 0.8% would be a solid follow-on from Q1’s 0.7% gain."

"But note that such an outcome would see annual growth ease to 3.1%, from 3.8% in the previous quarter, as a huge 1.5% gain in Q2 last year drops out of annual calculations. "

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