New Zealand saw production growth in Q3 2012. The biggest gainers are dairy and meat production industries.
In general, retail sales increased by 1.6% up to NZD370 million. The sales of dairy and meat products increased by 9.3% during the reporting period.
With a glance at fixed prices, the sales increased by 2.6%, which is +0.5% versus Q2 2012.
Forex.
According to , the New Zealand Dollar keeps strengthening against the US Dollar. The experts report that NZDUSD is forming wave А(С)/С inside a bigger-scale upswing represented by wave А/В of level Weekly.
A further rally will probably encounter resistance around 0.8399, 0.8430, 0.8480. The current bullish move will be completed as soon as the price overcomes the bottom of the MF sloping channel and consolidates below 0.8223 (as shown below).
