New Zealand Q3 retail sales -0.1% q/q (expected -0.5%)

Retail sales in the third quarter in New Zealand were expected to fall, and while they have its not by as much as was respected.

-0.1% q/q

• expected -0.5%, prior -1.2%
• For the y/y, -2.5% (prior -3.6%)

Trade data for October was also published:

Later this week we’ll get another cash rate cut from the Reserve Bank of New Zealand:

• Reserve Bank of New Zealand (RBNZ) Shadow Board recommend a 50bp cash rate cut this week

This article was written by Eamonn Sheridan at www.forexlive.com.