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New Zealand Economy Shows Mixed Growth Signals
New Zealand's Q1 2026 GDP growth missed quarterly expectations but beat annual forecasts, while retail sales outperformed estimates, presenting a mixed economic picture ahead of the RBNZ's July rate decision.
1 article · first seen 6/18/2026 · last update 5/21/2026
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- Forexlive5/21/2026, 10:50:08 PMNew Zealand Q1 2026 Retail sales beat estimates: +0.9% q/q (expected +0.6%)
New Zealand Q1 2026 retail sales rose 0.9% q/q, beating the 0.6% consensus estimate and matching the prior quarter's pace. On a year-over-year basis, sales increased 4.5%, slightly above the prior 4.4% reading. The data points to continued resilience in New Zealand consumer spending.
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