Liz Kendall, Senior Economist at ANZ, notes that New Zealand’ retail spending on electronic cards increased 1.1% m/m in September (seasonally adjusted), after a solid 1.1% m/m lift in August. Key Quotes “Retail spending was strong across the board, with consumables (1% m/m) and apparel (0.9%) posting strong lifts. Reflecting this broad-based strength, ‘core’ retail spending, which strips out motor vehicle-related spending, posted a seasonally adjusted 1.1% m/m rise.” “Today’s data finishes Q3 on a firm footing, with core and total retail spending up 2.1% q/q and 2.3% q/q respectively. It also confirms that ECT has turned higher in trend terms, although the data has oscillated a lot of late. The trend in retail and core spending was up 0.8% and 0.7% in September. For both, the trend is running at 1.4% q/q.” “Nonetheless, at the margin, today’s data temper concerns that the household sector may be reining in their spending in response to financial pressures.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Australia: Strong first half and continuing near term momentum – NAB FX Street 4 years Liz Kendall, Senior Economist at ANZ, notes that New Zealand' retail spending on electronic cards increased 1.1% m/m in September (seasonally adjusted), after a solid 1.1% m/m lift in August. Key Quotes "Retail spending was strong across the board, with consumables (1% m/m) and apparel (0.9%) posting strong lifts. Reflecting this broad-based strength, 'core' retail spending, which strips out motor vehicle-related spending, posted a seasonally adjusted 1.1% m/m rise." "Today's data finishes Q3 on a firm footing, with core and total retail spending up 2.1% q/q and 2.3% q/q respectively. It also confirms that ECT has turned higher in… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
