“Retails sales in New Zealand have increased in the third quarter,” shows the official report. Sales growth is found in most branches of retail trade and public service.
“Growth of retail sales according to the results of the third quarter has amounted to 1.6%,” says the official data, published by Statistics New Zealand. The result has risen in comparison to 0.1% growth recorded in the second quarter.
On annual basis the result has shown growth by 5.7%, having exceeded the 5.6% growth predicted by economists, as well as the previous growth of 5.5%.
“Dynamics of retail sales shows the change of general selling volume in retail trading points and reflects consumer expenses,” say experts of Masterforex-V Academy to the “Market Leader”.
Taking seasonal factor into consideration, sales growth has been shown by ten out of fifteen branches of retail trade and services. Highest growth has been shown by sales of electronic and electrical goods, namely by 6.6%. Sales of automotive parts and equipment are also characterized by high rate of growth (5.0%). Sales of food commodities and beverages, like sales of public service, have risen by 2.4%.
New Zealand dollar continues falling in long-term trend. “NZD/USD pair is forming a “bearish” wave 3/C of at least Н12 level,” believe experts of Masterforex-V Trading System Department. On 16 November 2015 the pair has continued falling within 3/C descending sub-wave. Closest support is provided by Fibonacci levels 0.6449/28, 0.6391/85, and 0.6316/13. Current wave will end with a break of descending sloping channel MF and pivot MF 0.6552.
