At 00:45 (GMT+2), New Zealand will release its retail sales data for the second quarter of 2024, a measure that records all goods retailers sold each month based on a sample of stores of different types and sizes. It is an important indicator of consumer spending, with a significant impact on gross domestic product (GDP). It may correct from 0.5% to –1.0% and the core value from 0.4% to –0.8%, putting pressure on the New Zealand dollar.
