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March Electronic Retail Sales

Analysts are expecting some good news out of the next major data from New Zealand.

However, it’s not as likely to move the market directly as much as it would have in the past. And that’s not just because everything is being drowned out by the coronavirus news.

New Zealand was one of the first countries to close their borders to people traveling from coronavirus “hot spots.” It was also one of the last major countries to have a confirmed case.

Consequently, New Zealand imposed its lockdowns late in March, despite having relatively few cases and only one death so far.

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For the Data

That means for most of March, retailers remained open and domestic trading continued as usual right up until the last days of the month.

There is an important caveat, though. The travel restrictions placed at the beginning of the year prevented a large segment of tourist arrivals, an important component of r...

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