(Bloomberg) -- New Zealand retail sales declined for
the first time in five months in April, suggesting record-high
interest rates and rising unemployment are curbing consumer spending.
The nation's currency fell.
Retail sales declined 1.2 percent from March when they gained 1
percent, seasonally adjusted, Statistics New Zealand said in
Wellington today. The median estimate in a Bloomberg News survey of
11 economists was for no change.
Read more at Bloomberg Currencies News
the first time in five months in April, suggesting record-high
interest rates and rising unemployment are curbing consumer spending.
The nation's currency fell.
Retail sales declined 1.2 percent from March when they gained 1
percent, seasonally adjusted, Statistics New Zealand said in
Wellington today. The median estimate in a Bloomberg News survey of
11 economists was for no change.
Read more at Bloomberg Currencies News
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