Lower numbers than forecast tend to be bullish for xxx/NZD pairs and bearish for NZD/xxx pairs.
The typical/expected impact on NZD pairs is high.
There is no forecast value for Gross Domestic Product (YoY) yet - check back for updates.
The most recent announced value for Gross Domestic Product (YoY) was -0.6% against a forecast of 0%.
Recent economic data has been strongly bullish for NZD. Other recent announcements which may affect the market's interpretation of the next Gross Domestic Product (YoY) result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Retail Sales (QoQ) | Bullish change | 0.7% | 1.9% | ||
| Retail Sales ex Autos (QoQ) | Bullish change | 1% | 1.2% | ||
| RBNZ Interest Rate Decision | Bearish change | 2.5% | 2.25% | ||
| Exports | Bullish change | $5.78B | $6.5B | ||
| Imports | Bullish change | $7.17B | $8.04B | ||
| Trade Balance NZD (YoY) | Bullish change | $-2.39B | $-2.28B | ||
| Producer Price Index - Output (QoQ) | (no change) | 0.6% | 0.6% | ||
| Business NZ PSI | Bullish change | 48.3 | 48.7 |
| Country: | New Zealand |
|---|---|
| Currency: | NZD |
| Source: | Stats NZ |
| Category: | Economic Activity |
| Frequency: | Quarterly |