New Zealand Q2 Retail Sales -1.0% QoQ vs. -2.6% expected, -1.4% prior, NZD/USD drops towards 0.5950

Early Wednesday in Asia, the Statistics New Zealand released the quarterly Retail Sales data for the second-quarter (Q2) of 2023.

As per the details, New Zealand’s (NZ) headline Retail Sales figures improves to -1.0 QoQ compared to the market expectations of -2.6% and -1.4% previous readings.