New Zealand's retail sector looks to strong pre-Christmas sales

NAMPA / Xinhua

2024-11-27

WELLINGTON, Nov. 27 (Xinhua) -- New Zealand's retail sector is looking to strong pre-Christmas sales, hoping that Wednesday's sizable cut of the official cash rate (OCR) will improve consumer confidence during one of the busiest weeks of the year. A rise in confidence will help New Zealand retailers, who have been suffering a continued downturn in sales, with 70 percent of survey respondents saying they did not meet their sales targets in the......

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