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 (YoY) was 1.3% against a forecast of 1.7%.
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 | ||||
|---|---|---|---|---|---|
| Exports | Bullish change | $7.66B | $8.62B | ||
| Imports | Bearish change | $7.23B | $6.7B | ||
| Trade Balance NZD (YoY) | Bullish change | $-3.49B | $-2.76B | ||
| Producer Price Index - Output (QoQ) | Bullish change | 0.1% | 0.8% | ||
| Business NZ PSI | Bullish change | 46.2 | 48.9 | ||
| Business NZ PMI | Bearish change | 52.8 | 50.5 | ||
| RBNZ Inflation Expectations (QoQ) | Bearish change | 2.37% | 2.53% |
| Country: | New Zealand |
|---|---|
| Currency: | NZD |
| Source: | Stats NZ |
| Category: | Economic Activity |
| Frequency: | Quarterly |