The agency Statistics New Zealand published this morning a series of reports on retail sales and PPI. All figures seem to point to moderate bullishness and heavy momentum heading into the early part of the third quarter.
Nominal and core retail sales data suggests that a solid uptick in consumer confidence has gripped New Zealand, with nominal sales rising 0.9% and the core data showing a 1.0% uptick. The sales data speaks to the sentiment of heightened optimism in the South Pacific. The bullish rise in PPI this month also supports the notion of moderate growth in New Zealand.
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Greg Holden is the Chief Market Analyst at ForexYard. Greg uses his detailed knowledge of fundamental and technical analysis to provide some of the leading market forecasts in the forex world today. A guest lecturer at forex symposiums and Chief Editor of ForexYard's analysis center, Greg brings highly detailed and easy-to-use market analyses to his clientele. He has been published on ForexYard's Trading Blog and affiliate websites. Greg holds degrees in Political Science and Economics from Missouri State University, as well as a Masters degree in Middle Eastern History.
