NZ Retail Sales Miss Expectations, Dragging Kiwi Lower
New Zealand's retail sales fell 0.5% quarter-over-quarter (QoQ) in Q2, missing market expectations of a 0.1% decline.
The data, released by Statistics New Zealand, also showed that Retail Sales ex Autos rose 0.7% QoQ in Q2, compared to the previous rise of 1.1%
The NZD/USD pair is trading 0.09% lower on the day at 0.5973.