Lower numbers than forecast tend to be bullish for xxx/NZD pairs and bearish for NZD/xxx pairs.
The most recent announced value for Employment Change was -0.2% against a forecast of 0.3%.
Recent economic data has been strongly bearish for NZD. Other recent announcements which may affect the market's interpretation of the next Employment Change result:
Previous | Latest | ||||
---|---|---|---|---|---|
Building Permits s.a. (MoM) | Bearish change | 15.9% | -0.2% | ||
Labour Cost Index (QoQ) | Bearish change | 1% | 0.8% | ||
Participation Rate | Bearish change | 71.9% | 71.5% | ||
Unemployment Rate | Bearish change | 4% | 4.3% | ||
Exports | Bullish change | $5.79B | $6.5B | ||
Imports | Bearish change | $6.1B | $5.91B | ||
Trade Balance NZD (YoY) | Bullish change | $-12.06B | $-9.87B |
Country: | New Zealand |
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Currency: | NZD |
Source: | Stats NZ |
Category: | Labor Market |
Frequency: | Quarterly |