Business Today

This morning has released an important economic data from New Zealand (5.14). New Zealand retail sales figures, the increase is not as good estimates in the first quarter of 2010 ago. Conditions are still weak retail sector is likely to make the central bank to delay raising interest rates next third quarter.

Figures for retail sales increased by 0.2% in the first quarter ago, compared to the previous fourth quarter. The increase in retail sales was smaller than the quarterly increase in retail sales that occurred in the fourth quarter ago. The increase in retail sales in the fourth quarter reaches 0.9%.

Slower growth of retail sales is also under estimated. The analyst previously estimated that in the first quarter of retail sales will increase by 0.3%.

Meanwhile, core retail sales growth, which excludes sales of vehicles and fuel, decreased by 0.5% compared to the previous fourth quarter.

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