Labour Cost Index (QoQ)

Statistics New Zealand releases employment data on a quarterly basis. The statistics shed a light on New Zealand’s labor market, including unemployment and employment rates, demand for labor and changes in wages and salaries. These employment indicators tend to have an impact on the country’s inflation and Reserve Bank of New Zealand’s (RBNZ) interest rate decision, eventually affecting the NZD. A better-than-expected print could turn out to be NZD bullish.

Most recent - Tuesday 6 February 2024 21:45

Previous
0.8%
Forecast
0.8%
Actual
1%

Higher numbers than forecast tend to be bullish for NZD/xxx pairs and bearish for xxx/NZD pairs.

Next event - Tuesday 30 April 2024 22:45

Previous
1%
Forecast
-
Actual
-

The typical/expected impact on NZD pairs is medium.

There is no forecast value for Labour Cost Index (QoQ) yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Labour Cost Index (QoQ) was 1% against a forecast of 0.8%.

Past events

Date
Forecast
Actual
Tuesday 6 February 2024 21:45
0.8%
1%
Tuesday 31 October 2023 21:45
1%
0.8%
Tuesday 1 August 2023 22:45
1.2%
1.1%
Tuesday 2 May 2023 22:45
1.1%
0.9%
Tuesday 31 January 2023 21:45
1.3%
1.1%
Tuesday 1 November 2022 21:45
1.1%
1.1%
Tuesday 2 August 2022 22:45
1.1%
1.3%
Tuesday 3 May 2022 22:45
0.7%
0.7%
Tuesday 1 February 2022 21:45
0.9%
0.7%
Tuesday 2 November 2021 21:45
0.8%
0.7%
Tuesday 3 August 2021 22:45
0.4%
0.9%
Tuesday 4 May 2021 22:45
0.3%
0.4%

Economic context

Recent economic data has been strongly bullish for NZD. Other recent announcements which may affect the market's interpretation of the next Labour Cost Index (QoQ) result:

PreviousLatest
ExportsBullish change$4.81B$5.89B
ImportsBullish change$5.9B$6.11B
Trade Balance NZD (YoY)Bullish change$-12.62B$-11.99B
Gross Domestic Product (QoQ)Bullish change-0.3%-0.1%
Gross Domestic Product (YoY)Bullish change-0.6%-0.3%
Westpac Consumer SurveyBullish change88.993.2
Business NZ PSIBullish change52.253
Business NZ PMIBullish change47.549.3

About Labour Cost Index (QoQ)

Country:New Zealand
Currency:NZD
Source:Stats NZ
Category:Labor Market
Frequency:Quarterly

Personal Trade Copier

Trade Mirror

Trading Simulator

Figaro App Suite

Publisher EA

Figaro Connector EA

All Trader Downloads

All Developer Downloads

Currency Strength

Trader Sentiment

Price Alerts

Mini Charts

Premium Charting

Market Scanner

All Tools

Next High Impact Events

Week View

Next 24 Hours

Session Map

Chart View

Future Events

Past Events

Big Market Movers

Compare Brokers

Broker Offers

Market Analysis

Price Action News

Broker News

Example Analysis

Widgets

FAQ

Statement

Stats

Risk analysis

Widgets

Portfolio

FAQ

Please Log In
Not yet a user?