The typical/expected impact on NZD pairs is medium.
The consensus forecast for Producer Price Index - Output (QoQ) is 0.8%. A higher value than forecast tends to be bullish for NZD/xxx pairs and bearish for xxx/NZD pairs.
Higher numbers than forecast tend to be bullish for NZD/xxx pairs and bearish for xxx/NZD pairs.
The most recent announced value for Producer Price Index - Output (QoQ) was 0.8% 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 Producer Price Index - Output (QoQ) result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Business NZ PSI | Bearish change | 50.9 | 50.6 | ||
| Business NZ PMI | Bearish change | 60.1 | 54.3 | ||
| RBNZ Inflation Expectations (QoQ) | Bullish change | 2.53% | 2.34% | ||
| 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 | 5.4% | 5.6% |
| Country: | New Zealand |
|---|---|
| Currency: | NZD |
| Source: | Stats NZ |
| Category: | Inflation |
| Frequency: | Quarterly |