New Zealand retail sales indicator, April: -0.3% y/y (prior -1.6) & 0.0% m/m (prior -0.8%)

Data for purchases made in New Zealand on debit, credit and store cards

Card spending data covers around 68% of core retail sales in NZ. Its used as the main retail sales indicator for the country.

NZD/USD barely changed on this data release. The Kiwi $ is moving around mainly on global developments, not local data:

This article was written by Eamonn Sheridan at www.forexlive.com.