New Zealand retail sales rise slower than forecast

NEW YORK (Forex News Now) – Retail sales in New Zealand rose in May for the second time in three months but at a slower pace than forecast, official data showed on Tuesday, in one of the day’s spotlight FX news events.

New Zealand’s statistics bureau said retail sales rose 0.4 percent month-on-month in May, after a drop of 0.3 percent in April.

Analysts had more significant growth of 0.6 percent in March, two global forex news outlets reported.

For more exclusive forex broker reviews, follow us on Twitter or join us on Facebook.