Challenges
Labour Cost Index (QoQ)
Most recent - Tuesday 1 August 2023 22:45
Lower numbers than forecast tend to be bullish for xxx/NZD pairs and bearish for NZD/xxx pairs.
Next event - Wednesday 1 November 2023 21:45
The typical/expected impact on NZD pairs is medium.
There is no forecast value for Labour Cost Index (QoQ) yet - check back for updates.
Trading range
Forecast history
The most recent announced value for Labour Cost Index (QoQ) was 1.1% against a forecast of 1.2%.
Past events
Economic context
Recent economic data has been moderately bearish for NZD. Other recent announcements which may affect the market's interpretation of the next Labour Cost Index (QoQ) result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Exports | Bearish change | $5.38B | $4.99B | ||
| Imports | Bullish change | $6.55B | $7.28B | ||
| Trade Balance NZD (YoY) | Bullish change | $-15.88B | $-15.54B | ||
| Westpac Consumer Survey | Bearish change | 83.1 | 80.2 | ||
| Gross Domestic Product (QoQ) | Bullish change | 0% | 0.9% | ||
| Gross Domestic Product (YoY) | Bearish change | 2.2% | 1.8% | ||
| Business NZ PSI | Bearish change | 48 | 47.1 | ||
| Business NZ PMI | Bearish change | 46.6 | 46.1 |
About Labour Cost Index (QoQ)
| Country: | New Zealand |
|---|---|
| Currency: | NZD |
| Source: | Stats NZ |
| Category: | Labor Market |
| Frequency: | Quarterly |