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New Zealand Retail Sales (QoQ) falls to 0.5% in 1Q from 2.1%

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New Zealand Q1 retail sales falls short of estimates

The New Zealand retail sales number for the first trimester of the year came below expectations at 0.5% vs 0.8% Reuters poll and 2.10% previous. On a yearly basis, the print stood at 3.2% vs 3.3% Reuters poll and 2.9% prior.
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