Higher numbers than forecast tend to be bullish for NZD/xxx pairs and bearish for xxx/NZD pairs.
The most recent announced value for Producer Price Index - Output (QoQ) was 0.9% against a forecast of 0.5%.
Recent economic data has been strongly bearish for NZD. Other recent announcements which may affect the market's interpretation of the next Producer Price Index - Output (QoQ) result:
Previous | Latest | ||||
---|---|---|---|---|---|
Exports | Bearish change | $7B | $6.17B | ||
Imports | Bearish change | $6.94B | $5.47B | ||
Trade Balance NZD (YoY) | Bullish change | $-10.21B | $-9.4B | ||
Consumer Price Index (QoQ) | Bearish change | 0.6% | 0.4% | ||
Consumer Price Index (YoY) | Bearish change | 4% | 3.3% | ||
Business NZ PSI | Bearish change | 42.6 | 40.2 |
Country: | New Zealand |
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Currency: | NZD |
Source: | Stats NZ |
Category: | Inflation |
Frequency: | Quarterly |