The typical/expected market impact of this event is low.
The consensus forecast for Labour Cost Index (YoY) is 2%. A higher value than forecast tends to be bullish for NZD/xxx pairs and bearish for xxx/NZD pairs.
The most recent announced value for Labour Cost Index (YoY) was 2% against a forecast of 2%.
Other recent announcements which may affect the market's interpretation of the next Labour Cost Index (YoY) result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Building Permits s.a. (MoM) | Bearish change | 2.8% | -1.3% |
| Country: | New Zealand |
|---|---|
| Currency: | NZD |
| Source: | Stats NZ |
| Category: | Labor Market |
| Frequency: | Quarterly |