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 -0.7% against a forecast of -0.8%.
Recent economic data has been broadly neutral for NZD. Other recent announcements which may affect the market's interpretation of the next Gross Domestic Product (YoY) result:
Previous | Latest | ||||
---|---|---|---|---|---|
RBNZ Interest Rate Decision | Bearish change | 3.25% | 3% | ||
Producer Price Index - Output (QoQ) | Bearish change | 2.1% | 0.6% | ||
Business NZ PSI | Bullish change | 47.6 | 48.9 | ||
Business NZ PMI | Bullish change | 49.2 | 52.8 | ||
RBNZ Inflation Expectations (QoQ) | Bullish change | 2.29% | 2.28% |
Country: | New Zealand |
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Currency: | NZD |
Source: | Stats NZ |
Category: | Economic Activity |
Frequency: | Quarterly |