Higher numbers than forecast tend to be bullish for NZD/xxx pairs and bearish for xxx/NZD pairs.
The most recent announced value for Gross Domestic Product (QoQ) was 0.7% against a forecast of 0.4%.
Recent economic data has been broadly neutral for NZD. Other recent announcements which may affect the market's interpretation of the next Gross Domestic Product (QoQ) result:
Previous | Latest | ||||
---|---|---|---|---|---|
Employment Change | Bullish change | -0.2% | 0.1% | ||
Labour Cost Index (QoQ) | Bearish change | 0.6% | 0.4% | ||
Participation Rate | Bearish change | 70.9% | 70.8% | ||
Unemployment Rate | (no change) | 5.1% | 5.1% | ||
Building Permits s.a. (MoM) | Bullish change | 0.7% | 9.6% |
Country: | New Zealand |
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Currency: | NZD |
Source: | Stats NZ |
Category: | Economic Activity |
Frequency: | Quarterly |