Higher numbers than forecast tend to be bullish for NZD/xxx pairs and bearish for xxx/NZD pairs.
The most recent announced value for Gross Domestic Product (YoY) was 1.5% against a forecast of 1.1%.
Recent economic data has been moderately bullish 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 | 0.2% | 0.5% | ||
| Labour Cost Index (QoQ) | Bullish change | 0.5% | 0.7% | ||
| Participation Rate | Bullish change | 70.4% | 70.7% | ||
| Unemployment Rate | Bearish change | 5.3% | 5.6% | ||
| Building Permits s.a. (MoM) | Bullish change | -4.9% | -3.6% |
| Country: | New Zealand |
|---|---|
| Currency: | NZD |
| Source: | Stats NZ |
| Category: | Economic Activity |
| Frequency: | Quarterly |