Lower numbers than forecast tend to be bullish for xxx/NZD pairs and bearish for NZD/xxx pairs.
The typical/expected impact on NZD pairs is high.
There is no forecast value for Gross Domestic Product (QoQ) yet - check back for updates.
The most recent announced value for Gross Domestic Product (QoQ) was -0.1% against a forecast of 0.1%.
Recent economic data has been moderately bearish for NZD. Other recent announcements which may affect the market's interpretation of the next Gross Domestic Product (QoQ) result:
Previous | Latest | ||||
---|---|---|---|---|---|
Consumer Price Index (QoQ) | Bullish change | 0.5% | 0.6% | ||
Consumer Price Index (YoY) | Bearish change | 4.7% | 4% | ||
Business NZ PSI | Bearish change | 52.6 | 47.5 | ||
Business NZ PMI | Bearish change | 49.1 | 47.1 | ||
RBNZ Interest Rate Decision | (no change) | 5.5% | 5.5% |
Country: | New Zealand |
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Currency: | NZD |
Source: | Stats NZ |
Category: | Economic Activity |
Frequency: | Quarterly |