Lower numbers than forecast tend to be bullish for xxx/NZD pairs and bearish for NZD/xxx pairs.
The most recent announced value for Participation Rate was 70.5% against a forecast of 70.7%.
Recent economic data has been moderately bearish for NZD. Other recent announcements which may affect the market's interpretation of the next Participation Rate result:
Previous | Latest | ||||
---|---|---|---|---|---|
Gross Domestic Product (QoQ) | Bearish change | 0.8% | -0.9% | ||
Gross Domestic Product (YoY) | Bullish change | -0.7% | -0.6% | ||
Westpac Consumer Survey | Bearish change | 91.2 | 90.9 | ||
Business NZ PSI | Bearish change | 48.9 | 47.5 | ||
Business NZ PMI | Bearish change | 52.8 | 49.9 |
Country: | New Zealand |
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Currency: | NZD |
Source: | Stats NZ |
Category: | Labor Market |
Frequency: | Quarterly |