New Zealand 1Q Retail Sales ex Autos (QoQ) decreases to 0.6% vs 1.5%

The New Zealand retail sales number for the first trimester of the year came below expectations at 0.5% vs 0.8% Reuters poll and 2.10% previous. On a yearly basis, the print stood at 3.2% vs 3.3% Reuters poll and 2.9% prior.