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 (YoY) yet - check back for updates.
The most recent announced value for Gross Domestic Product (YoY) was -0.6% against a forecast of 0%.
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 (YoY) result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Employment Change | Bullish change | -0.1% | 0% | ||
| Labour Cost Index (QoQ) | Bearish change | 0.6% | 0.5% | ||
| Participation Rate | Bearish change | 70.5% | 70.3% | ||
| Unemployment Rate | Bearish change | 5.2% | 5.3% | ||
| Building Permits s.a. (MoM) | Bullish change | 6.1% | 7.2% |
| Country: | New Zealand |
|---|---|
| Currency: | NZD |
| Source: | Stats NZ |
| Category: | Economic Activity |
| Frequency: | Quarterly |