New Zealand Retail Sales fall 0.5% QoQ in Q2, vs 0.1 expected
Retail Sales,a measures of the volume of sales of goods by retailers in New Zealand, fell 0.1% QoQ in the second quarter (Q2) of 2026 after rising 1.0% in Q1 (revised from 0.9%), the latest data published by the Statistics New Zealand showed on Monday.
In Q2 of 2026, New Zealand's retail sales experienced a 0.5% quarter-over-quarter decline, according to Statistics New Zealand. This was slightly lower than the 0.1% expected decline. Despite a 0.7% increase in retail sales excluding automobiles, the overall figure fell short of market forecasts. The New Zealand Dollar (NZD), often referred to as the Kiwi, weakened by 0.09% against the US Dollar (USD) on the same day.
The value of NZD is influenced by the health of the New Zealand economy, its central bank policies, and factors such as China's economic performance and dairy prices, as the country's largest export is dairy products.
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