Daily
This dataset tracks daily over time.
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
2/1/1960 - 10/31/2017
Summary
The Daily series measures daily retail sales in New Zealand, providing real-time insight into consumer spending and economic activity.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Daily series tracks the daily value of electronic card transactions for retail sales in New Zealand. It is an important leading indicator of consumer demand and broader economic trends.
Methodology
The data is collected and calculated by Statistics New Zealand based on electronic card transaction volumes.
Historical Context
This data is closely monitored by policymakers, analysts, and businesses to gauge the health of the New Zealand economy.
Key Facts
- Daily retail sales data is released weekly.
- New Zealand's retail sector accounts for 17% of GDP.
- Consumer spending makes up over 60% of New Zealand's GDP.
FAQs
Q: What does this economic trend measure?
A: The Daily series measures the daily value of electronic card transactions for retail sales in New Zealand, providing real-time insight into consumer spending.
Q: Why is this trend relevant for users or analysts?
A: This data is a leading indicator of consumer demand and broader economic activity, closely monitored by policymakers, analysts, and businesses to gauge the health of the New Zealand economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics New Zealand based on electronic card transaction volumes.
Q: How is this trend used in economic policy?
A: Policymakers use this data to assess the state of consumer spending and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The Daily series is released weekly, providing timely information on the state of consumer spending in New Zealand.
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Citation
U.S. Federal Reserve, Daily (NZLRECDM), retrieved from FRED.