New Zealand retail sales rose 0.7% qoq in Q4, slightly below expectation of 0.8% qoq. Ex-auto sales rose 0.5% qoq, below expectation of 0.9% qoq. Electrical and electronic goods retailing had the largest rise of all 15 industries in the December 2019 quarter. After adjusting for price and seasonal effects, the sales volume of electronics was up 4.3 percent, following a 4.4 percent rise in the September quarter.

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