New Zealand's retail sales rose 0.5% in March 2024 quarter, ending eight quarters of decline.
New Zealand's retail sales increased 0.5% in the March 2024 quarter after eight consecutive quarters of decline, according to Stats NZ. This growth, mainly driven by expansion across most industries, saw higher retail sales values in most regions. However, economists warn that the uptick is unlikely to represent a sustained recovery due to weak demand and ongoing pressures on living costs.
May 22, 2024
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