In New Zealand, Retail Sales YoY measures the percentage change in the total sales of retail goods compared with the same period one year earlier. This indicator provides insight into consumer spending habits and overall economic health, as changes in retail sales can reflect shifts in consumer confidence and purchasing power.
A higher than expected figure should be seen as positive (bullish) for the NZD while a lower than expected figure should be seen as negative (bearish) for the NZD.