At 00:45 (GMT+2) in New Zealand, Q2 data on retail sales will be published. The indicator captures the volume of all goods sold by retailers, based on samples of retail stores of various types and sizes. It is an important indicator of consumer spending and has a significant impact on the gross domestic product (GDP). It is expected to fall from –1.4% to –2.6%, while the core value may change from –1.1% to –2.5%. Implementation of the forecast may put pressure on the New Zealand dollar.
