Lower numbers than forecast tend to be bullish for xxx/NZD pairs and bearish for NZD/xxx pairs.
The most recent announced value for Gross Domestic Product (QoQ) was -0.9% 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 Gross Domestic Product (QoQ) result:
Previous | Latest | ||||
---|---|---|---|---|---|
Gross Domestic Product (YoY) | (no change) | -0.6% | -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: | Economic Activity |
Frequency: | Quarterly |