New Zealand retail spending grew at a faster pace than forecast in the June quarter as households feel more confident to hit the stores.
The total volume of retail spending grew a seasonally adjusted 0.9 per cent in the three months ended June 30, according to Statistics New Zealand data, beating the 0.6 per cent expansion picked in a Reuters survey of economists. Stripping out motor vehicle related spending, the core figure grew 1 per cent.
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