Satish Ranchhod, analyst at Westpac, notes that the New Zealand’s retail spending rose by 0.6% in April and was lower than what the Westpac or analysts more generally had expected. Key Quotes “In annual terms, spending was up 4.5% over the past year.” “Spending in April was dampened by increases in fuel prices that siphoned money out of households’ wallets and constrained spending in other areas. The result may also have been affected by the close timing of the Easter and ANZAC Day holidays.” “Looking at the details of the April result more closely, we saw gains in most categories, with durables spending reaccelerating after earlier weakness.” “Over the year ahead, we expect to see continued moderate growth in retail spending. That will be supported by growth in nominal incomes, increases in government spending and low mortgage rates.” 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 US-China trade war: Escalation does not kill deal hope – Nordea Markets FX Street 3 years Satish Ranchhod, analyst at Westpac, notes that the New Zealand's retail spending rose by 0.6% in April and was lower than what the Westpac or analysts more generally had expected. Key Quotes "In annual terms, spending was up 4.5% over the past year." "Spending in April was dampened by increases in fuel prices that siphoned money out of households' wallets and constrained spending in other areas. The result may also have been affected by the close timing of the Easter and ANZAC Day holidays." "Looking at the details of the April result more closely, we saw gains in most categories,… 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.
