Higher numbers than forecast tend to be bullish for NZD/xxx pairs and bearish for xxx/NZD pairs.
The most recent announced value for Gross Domestic Product (YoY) was -0.7% against a forecast of -0.8%.
Recent economic data has been moderately bullish for NZD. Other recent announcements which may affect the market's interpretation of the next Gross Domestic Product (YoY) result:
Previous | Latest | ||||
---|---|---|---|---|---|
Exports | Bearish change | $7.7B | $7.68B | ||
Imports | Bullish change | $6.41B | $6.44B | ||
Trade Balance NZD (YoY) | Bullish change | $-4.97B | $-3.79B | ||
Gross Domestic Product (QoQ) | Bullish change | 0.5% | 0.8% | ||
Westpac Consumer Survey | Bullish change | 89.2 | 91.2 | ||
Business NZ PSI | Bearish change | 48.1 | 44 | ||
Business NZ PMI | Bearish change | 53.3 | 47.5 |
Country: | New Zealand |
---|---|
Currency: | NZD |
Source: | Stats NZ |
Category: | Economic Activity |
Frequency: | Quarterly |