NZ First Impressions: Retail Sales June Quarter 2023

<p>Spending volumes are dropping sharply as rising prices squeeze households’ finances. Today’s result was well below both our forecast and market expectations. Q2 real retail sales (volumes): -1.0% (Prev: -1.6%) Westpac f/c: -0.1%, Market -0.4% Q2 nominal sales level: -0.2% (Prev: -0.9%) Today’s retail spending report highlighted that financial pressures are continuing to eat away […]</p>
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