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.
The consensus forecast for Gross Domestic Product (YoY) is 1.3%. 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 (YoY) was -0.6% against a forecast of 0%.
Other recent announcements which may affect the market's interpretation of the next Gross Domestic Product (YoY) result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Business NZ PSI | Bearish change | 48.4 | 46.9 | ||
| Business NZ PMI | (no change) | 51.4 | 51.4 |
| Country: | New Zealand |
|---|---|
| Currency: | NZD |
| Source: | Stats NZ |
| Category: | Economic Activity |
| Frequency: | Quarterly |