Lower numbers than forecast tend to be bullish for xxx/NZD pairs and bearish for NZD/xxx pairs.
The most recent announced value for Labour Cost Index (QoQ) was 0.4% against a forecast of 0.5%.
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 | ||||
|---|---|---|---|---|---|
| Business NZ PSI | Bearish change | 51.5 | 50.9 | ||
| RBNZ Inflation Expectations (QoQ) | Bearish change | 2.28% | 2.37% | ||
| Business NZ PMI | Bearish change | 56.1 | 55.2 | ||
| Employment Change | Bullish change | 0% | 0.5% | ||
| Participation Rate | Bullish change | 70.3% | 70.5% | ||
| Unemployment Rate | Bearish change | 5.3% | 5.4% |
| Country: | New Zealand |
|---|---|
| Currency: | NZD |
| Source: | Stats NZ |
| Category: | Labor Market |
| Frequency: | Quarterly |