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 medium.
There is no forecast value for Labour Cost Index (QoQ) yet - check back for updates.
The most recent announced value for Labour Cost Index (QoQ) was 0.4% against a forecast of 0.5%.
Recent economic data has been moderately bullish for NZD. Other recent announcements which may affect the market's interpretation of the next Labour Cost Index (QoQ) result:
Previous | Latest | ||||
---|---|---|---|---|---|
Gross Domestic Product (QoQ) | Bullish change | 0.5% | 0.8% | ||
Gross Domestic Product (YoY) | Bullish change | -1.3% | -0.7% | ||
Westpac Consumer Survey | Bullish change | 89.2 | 91.2 | ||
Business NZ PSI | Bearish change | 48.1 | 44 | ||
Business NZ PMI | Bearish change | 53.3 | 47.5 |
Country: | New Zealand |
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Currency: | NZD |
Source: | Stats NZ |
Category: | Labor Market |
Frequency: | Quarterly |