by VT Markets
Aug 24, 2026
New Zealand’s retail sales excluding motor vehicles rose 0.7% quarter-on-quarter in the second quarter, easing from 1.0% in the prior quarter. The latest reading points to slower momentum in underlying retail activity compared with the previous period.
On a sequential basis, the 0.3 percentage point deceleration from 1.0% to 0.7% suggests household spending growth moderated through 2Q. The data refer to retail sales ex autos on a QoQ basis for New Zealand.
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