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New Zealand 4Q Retail Sales (QoQ) improves to 2.1% vs -0.4%

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New Zealand sales up 2.1% vs 1.1% estimates; NZD/USD reaches new 1.5 year high

New Zealand Q4 retail sales rose to 2.1% against expectations for +1.2%. As stated by Geoff Bascand, Government Statistician at the Burueau of Statistics in New Zealand, for the December 2012 quarter, compared with the September 2012 quarter (seasonally adjusted):
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