New Zealand Q1 Retail Sales (ex-inflation) 1.5% q/q vs. 0.9% expected

NZ Q1 Retail Sales (excl-inflation), comes in at +1.5% q/q
– expected +0.9%
– prior +0.6%
In actual terms, the value of total retail sales in the March 2017 quarter was +6.7% y/y