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RIP retail sales
Key highlights
Retail spending declines over second half of 2010 as pre-GST spend-up revised away.
Housing market remains very quiet in January as prices continue to fall.
Statistics NZ has decided to discontinue the monthly retail sales survey, a detrimental move.
Report prepared by:
Nick Tuffley
ASB Chief Economist
Phone: +64 9 374 8604
Fax: +64 9 302 0992
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