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Daily Alert: NZ retail spending romps home in Q1, lifting our growth forecasts

  • We’ve kicked off the week with a stonking bit of good news in the form of yesterday’s retail trade data where the bigger-than-expected lift in retail sales tips our Q1 GDP forecast into positive territory.
  • Globally overnight, the tone has very much been ‘risk-on,’ with decent gains for equities and a softer USD the order of the day.
  • In other news, Chinese officials have signalled their displeasure at surging commodity prices.

 

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