The visible hand in economics

Were the retail numbers bad

Posted on: May 15, 2008

Well, much in the same vein as the employment numbers:

Source: NBNZ website.

A 1.2% quarterly fall in retail volumes! A negative GDP quarter in March now seems inevitable. This one hurts!


4 Responses to "Were the retail numbers bad"

[…] dog headed determination to the inflation side of the story, I am going to discuss part of the retail trade series for March.  All my data comes from free tables from Stats, so you guys can all look at it and yell at me if […]

[…] increase in our trade-weighted index of our dollar – compared to the 40 basis point fall from the poor retail numbers and the 50 basis point fall from a reduction in employment. […]

[…] 29 05 2008 Well we have had an action packed quarter haven’t we – bad employment numbers, bad retail numbers, bad inflation numbers, and tax […]

[…] What’s the big deal? 19 06 2008 Since the March quarter retail numbers have been released it has been apparent that New Zealand was heading down the road of a technical recession (two […]

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