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New Zealand Retail Sales Surprise with 0.5% Growth

8/26/2025

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Summary

Story summary

New Zealand's retail sales increased by 0.5% in the June quarter, defying expectations of a decline.
Growth was led by electronics (up 4.6%), groceries (up 1.3%), and pharmaceuticals (up 1.2%).
However, sectors such as clothing and hospitality continue to struggle.
Economists predict a recovery, but unemployment could rise to 5.3% by year-end.

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Story summary

New Zealand's retail sales increased by 0.5% in the June quarter, defying expectations of a decline.
Growth was led by electronics (up 4.6%), groceries (up 1.3%), and pharmaceuticals (up 1.2%).
However, sectors such as clothing and hospitality continue to struggle.
Economists predict a recovery, but unemployment could rise to 5.3% by year-end.