At 23:45 (GMT+2) in New Zealand, retail sales data for the fourth quarter of 2023 will be published. Retail Sales indicator measures the change in the total value of inflation-adjusted sales at the retail level, excluding automobiles and gas stations. It is the primary indicator of consumer spending, which influences the Gross Domestic Product (GDP). Sales volume in the fourth quarter is expected to correct from 0.0% to -0.2%, and the core value from 1.0% to -0.1%, putting pressure on the New Zealand dollar.
