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New Zealand NZD

New Zealand Retail Sales QoQ

Impact:
Low

Latest Release:

Date:
Surprise:
0.7%
Actual:
0.8%
Forecast: 0.1%
Previous/Revision:
1%
Period: Q1

Next Release:

Date:
Forecast: -0.2%
Period: Q2
What Does It Measure?
The New Zealand Retail Sales QoQ measures the percentage change in the total sales of retail goods during the previous quarter, serving as a key indicator of consumer spending and overall economic activity. It specifically focuses on domestic consumption patterns, assessing the health of the retail sector and providing insights into potential inflationary pressures.
Frequency
This report is released quarterly and provides a final figure that is typically published around six weeks after the end of the quarter.
Why Do Traders Care?
Traders monitor New Zealand Retail Sales QoQ closely as it directly influences forecasts for economic growth; stronger consumer sales may indicate an expanding economy, bolstering the New Zealand dollar (NZD) and equities. Conversely, disappointing sales can lead to bearish sentiments in both the currency and stock markets, influencing investor expectations for future monetary policy.
What Is It Derived From?
The Retail Sales QoQ is derived from a national survey of retail businesses, collecting data on sales transactions from various sectors, including food, clothing, and electronics. The results are adjusted for seasonality, with specific methodologies that include a weighting system to ensure accurate representation across the retail landscape.
Description
Preliminary reports of New Zealand Retail Sales are based on early estimates, which are subject to revision, while final reports provide a more accurate reflection of consumer spending. This indicator is reported on a quarter-over-quarter (QoQ) basis, allowing traders to assess medium-term trends in retail activity that can impact overall economic performance.
Additional Notes
Retail Sales serve as a coincident economic measure, reflecting current consumer behavior and spending trends. This data is crucial for understanding local economic dynamics and can provide insights into broader economic trends both in New Zealand and in comparison to similar reports from other countries.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for NZD, Bullish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
0.8%
0.1%
1%
0.7%
0.9%
0.6%
0%
0.3%
-0.1%
0.6%
-1.2%
-0.7%
-1.2%
-1%
0.4%
-0.2%
0.5%
-0.3%
-1.9%
0.8%
-1.9%
-0.4%
-0.8%
-1.5%
0%
-0.8%
-1%
0.8%
-1%
-2.6%
-1.6%
1.6%
-1.4%
0.2%
-1%
-1.6%
-0.6%
1.7%
0.6%
-2.3%
0.4%
0.5%
-2.2%
-0.1%
-2.3%
0.4%
-0.9%
-2.7%
-0.5%
-1%
8.3%
0.5%
8.6%
10.1%
-8.2%
-1.5%
-8.1%
-0.5%
3.3%
-7.6%
3.3%
3.5%
2.8%
-0.2%
2.5%
2.5%
-2.6%
-2.7%
2.5%
27.8%
-5.2%
28%
10%
-14.8%
18%
-14.6%
-4%
-1.2%
-10.6%
-0.7%
0.2%
0%
-0.9%
0.7%
2.1%
1.7%
-1.4%
1.6%
1.2%
0.2%
0.4%
0.2%
0.1%
0.7%
0.1%
0.7%
0.6%
1.7%
0.1%
1.7%
0.5%
0.3%
1.2%
0%
1%
1.1%
-1%
1.1%
0.4%
0.3%
0.7%
0.1%
0.5%
1.4%
-0.4%
1.7%
1.4%
0.3%
0.3%
0.2%
0.4%
1.8%
-0.2%
2%
0.7%
1.6%
1.3%
1.5%
0.9%
0.9%
0.6%
0.8%
1%
0.8%
-0.2%
0.9%
0.8%
2.3%
0.1%
2.3%
0.9%
1%
1.4%
0.8%
1%
1.1%
-0.2%
1.2%
1.4%
1.5%
-0.2%
1.6%
1.25%
0.1%
0.35%
0.1%
0.5%
2.7%
-0.4%
2.7%
1.5%
1.9%
1.2%