Satish Ranchhod, senior social scientist at Westpac, notes that New Zealand’s retail volumes rose by zero.2% within the Gregorian calendar month quarter.
Key Quotes
“The pace of paying has taken a step down over the past year because the housing market and growth have cooled.”
“Spending growth is anticipated to stay moderate over the rest of 2019, before discovering over 2020.”
“Retail worth growth remains muted because of competitive pressures.”
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