Thursday, May 10, 2007

New Zealand Retail Spending Probably Fell For First Time in Four Months

(Bloomberg) -- New Zealand's retail sales probably fell for the first time in four months in March, adding to signs higher interest rates and rising unemployment may curb demand this year.

Sales declined 0.2 percent from February, when they rose 1.9 percent, according to the median estimate of 11 economists surveyed by Bloomberg News. Statistics New Zealand releases the report in Wellington on May 14 at 10:45 a.m.


Read more at Bloomberg Bonds News

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