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 -0.5% against a forecast of -0.4%.
Recent economic data has been moderately bullish for NZD. Other recent announcements which may affect the market's interpretation of the next Employment Change result:
Previous | Latest | ||||
---|---|---|---|---|---|
RBNZ Interest Rate Decision | Bearish change | 4.75% | 4.25% | ||
Exports | Bullish change | $4.91B | $5.77B | ||
Imports | Bullish change | $7.06B | $7.31B | ||
Trade Balance NZD (YoY) | Bullish change | $-9.15B | $-8.96B | ||
Retail Sales (QoQ) | Bullish change | -1.2% | -0.1% | ||
Retail Sales ex Autos (QoQ) | Bullish change | -1% | -0.8% | ||
Producer Price Index - Output (QoQ) | Bullish change | 1.1% | 1.5% | ||
Business NZ PSI | Bullish change | 45.7 | 46 | ||
Business NZ PMI | Bearish change | 47 | 45.8 |
Country: | New Zealand |
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Currency: | NZD |
Source: | Stats NZ |
Category: | Labor Market |
Frequency: | Quarterly |