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The total volume of retail sales in New Zealand jumped a seasonally adjusted 2.0 percent on quarter in the second quarter of 2017, Statistics New Zealand said on Monday.

That beat forecasts for an increase of 0.7 percent following the upwardly revised 1.6 percent gain in the three months prior (originally 1.5 percent).

The total value of retail sales climbed 1.6 percent to NZ$351 million.

This followed the record dollar value increase of 2.5 percent (NZ$523 million) in the first quarter.

The material has been provided by InstaForex Company – www.instaforex.com

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