NZ Treasury: Retail sales rebound strongly in the quarter

New Zealand’s (NZ) Treasury is out with its Weekly Economic Update, with the key highlights found below (via Reuters).

Retail sales rebound strongly in the quarter, experienced their highest growth on record.

Annual GDP was revised up by $7.9 billion in the year to March 2020 relative to the previously published quarterly data

Card spending has shown a steady recovery in November after some volatility.

The number of people receiving income support continues to fall. 

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