New Zealand Retail Sales ex Autos (QoQ) increased to 0.7% in 2Q from previous 0.4%

Aug 25, 2025

New Zealand’s Retail Sales climb 0.5% QoQ in Q2 vs. 0.2% expected

New Zealand’s Retail Sales, a measure of the country’s consumer spending, climbed 0.5% QoQ in the second quarter (Q2) of 2025 from the previous reading of 0.8%, according to the official data published by Statistics New Zealand on Monday. This figure came in above the market consensus of 0.2%.

Fed’s Musalem: More data is needed to decide whether a September rate cut is warranted

St. Louis Federal Reserve President Alberto Musalem said on Friday he will need more data before deciding to support a rate cut at the September meeting, warning inflation remains above the Fed's 2% targe, per Reuters.