Q2 New Zealand Retail Sales Drop 0.1% QoQ, Missing Forecast

Statistics New Zealand reported that retail sales volume fell 0.1% quarter‑on‑quarter in Q2 2026, following a 1.0% increase in Q1 (revised from 0.9%).

Analysts had expected a 0.1% decline for the month.

Excluding automobiles, retail sales rose 0.7% QoQ in Q2, compared with a prior increase of 1.1% (revised from 1.0%).

Market reaction

The NZD/USD pair was trading 0.09% lower at 0.5973 at the time of writing.

Source link