New Zealand Retail Sales QoQ (Q4) Q/Q 0.9% vs. Exp. 0.6% (Prev. 1.9%)

New Zealand Retail Sales QoQ (Q4) Q/Q 0.9% vs. Exp. 0.6% (Prev. 1.9%)

New Zealand's retail sales grew by 0.9% in Q4, outperforming the 0.6% expectation, despite a prior reading of 1.9%. This beat suggests a stronger-than-anticipated consumer spending backdrop, which may provide a tailwind for GDP forecasts and influence the central bank's outlook on monetary policy moving forward, potentially impacting rates and the NZD.