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Stats NZ figures show that seasonally adjusted retail sales by volume increased by 0.5% in the March quarter, but the figures were down 2.4% on the volumes recorded for the same quarter in 2023
Softer labour market data won’t be enough to make the RBNZ cut the OCR before late 2024 or 2025, bank economists say
Bank economists anticipate the unemployment rate will edge up when Statistics NZ releases March quarter labour market data
Consumer confidence has turned more pessimistic, and the capital is the most downbeat region of all.
New Zealand is in recession with gross domestic product (GDP) shrinking for the second quarter in a row, according to latest