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 0.8% against a forecast of 0.7%.
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 | ||||
---|---|---|---|---|---|
Exports | Bearish change | $7.68B | $6.63B | ||
Imports | Bullish change | $6.42B | $6.49B | ||
Trade Balance NZD (YoY) | Bearish change | $-3.93B | $-4.37B | ||
Consumer Price Index (QoQ) | Bearish change | 0.9% | 0.5% | ||
Consumer Price Index (YoY) | Bullish change | 2.5% | 2.7% | ||
Business NZ PSI | Bullish change | 44.1 | 47.3 | ||
Business NZ PMI | Bullish change | 47.4 | 48.8 | ||
RBNZ Interest Rate Decision | (no change) | 3.25% | 3.25% |
Country: | New Zealand |
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Currency: | NZD |
Source: | Stats NZ |
Category: | Economic Activity |
Frequency: | Quarterly |