Economic Calendar > Calendar Details
New ZealandThe first quarterRetail sales annual rate
| Latest Release | Actual Value | Forecast Value | Previous Value | Next Release Time | Release Frequency | Importance |
|---|---|---|---|---|---|---|
| 2026-05-22 | 4.5% | % | 4.4% | 2026-08-24 06:45 | Quarterly |
|
Historical Data
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Definition
Retail sales data plays a crucial role in assessing a country's current economic situation and prospects, as they directly reflect changes in consumer spending. In developed Western countries, consumer spending typically accounts for more than half of the national economy; in countries like the United States and the United Kingdom, this proportion can reach two-thirds. An increase in a country's retail sales indicates increased consumer spending, an improved economic situation, and a potential for interest rate hikes, which is beneficial to the currency. Conversely, a decline in retail sales suggests a slowing or weak economic climate, and a potential for interest rate cuts, which is generally considered unfavorable to the country's currency.
Impact on Market
Why It Matters
Affected by the ongoing global economic turmoil, New Zealand's local economy has also fallen into recession, with consumer demand shrinking and consumer spending decreasing. The automotive sales industry is bearing the brunt of the impact. However, if New Zealand's retail sales growth exceeds the median forecast of economists, it will increase the likelihood of the Reserve Bank of New Zealand raising interest rates.
Released By
Statistics New Zealand
