New Zealand retail sales volumes for the September quarter reported increases in on Monday (16/11) morning, along with strengthening activities using motorized vehicles coupled with increased purchases of electronic equipment. These conditions boost consumer spending to meelebihi expectations.
Led Vehicle
New Zealand retail sales get seasonal acquisition of up to 1.6 percent in the three months ended September 30, accelerating from 0.1 percent expansion obtained in the period of June, thus described by the Bureau of Statistics New Zealand. Consumers in New Zealand seem less consumptive in the previous quarter in connection with the expiration of dairy boom and the rebuilding of the Canterbury region.
It is a challenge in itself for the economic expansion of New Zealand while record numbers of people who migrate to these countries accounted for the increase in the workforce. The lack of an increase in inflation also makes it less appropriate wage growth. The figure exceeded the forecast 1.3 percent rise forecast by economists Reuters.
The increase in sales of motor vehicles by 5 percent and sales of electronic goods as much as 6.6 percent of the data that most contribute to sales of New Zealand currency retal third. Meanwhile, the volume of retail sales of the core (core retail sales) New Zealand rose 1 percent compared with growth of only zero in June.
"Some car dealers have told us that they are experiencing overcrowding in September and was heading for a record-breaking sales target this year," said Neil Kelly, Senior Manager Business indicators cited by Scoop.
After this report, NZD / USD is trading slightly down precisely 12:15 percent with a tendency to flat at 0.6529 position.
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