By Paul Jackson

Retail spending in New Zealand expanded at a slower pace in the third quarter following sharp growth in the previous three months.

The volume of retail sales increased 0.9% in the three months ended September compared with the previous quarter, Statistics New Zealand said Friday. The median forecast in a Wall Street Journal poll was for a gain of 0.8%.

The rise follows a revised 2.2% growth in the second quarter.

In value terms, retail sales were also up 0.9% from the previous quarter, matching the view of polled economists.

The data release was delayed from Tuesday due to earthquake damage sustained to the offices of Statistics New Zealand. The agency didn't provide details of the results beyond the headline figures.

Write to Paul Jackson at

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November 18, 2016 03:42 ET (08:42 GMT)

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