Higher numbers than forecast tend to be bullish for NZD/xxx pairs and bearish for xxx/NZD pairs.
The typical/expected impact on NZD pairs is high.
The consensus forecast for Gross Domestic Product (QoQ) is -0.3%. 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 Gross Domestic Product (QoQ) was 0.8% against a forecast of 0.7%.
Other recent announcements which may affect the market's interpretation of the next Gross Domestic Product (QoQ) result:
Previous | Latest | ||||
---|---|---|---|---|---|
Business NZ PSI | Bearish change | 48.9 | 47.5 | ||
Business NZ PMI | Bearish change | 52.8 | 49.9 |
Country: | New Zealand |
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Currency: | NZD |
Source: | Stats NZ |
Category: | Economic Activity |
Frequency: | Quarterly |