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 Retail Sales (QoQ) yet - check back for updates.
The most recent announced value for Retail Sales (QoQ) was -1.2% against a forecast of -1%.
Recent economic data has been strongly bearish for NZD. Other recent announcements which may affect the market's interpretation of the next Retail Sales (QoQ) result:
Previous | Latest | ||||
---|---|---|---|---|---|
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 | ||
RBNZ Inflation Expectations (QoQ) | Bearish change | 2.03% | 2.12% | ||
Employment Change | Bearish change | 0.4% | -0.5% | ||
Labour Cost Index (QoQ) | Bearish change | 0.9% | 0.6% | ||
Participation Rate | Bearish change | 71.7% | 71.2% | ||
Unemployment Rate | Bearish change | 4.6% | 4.8% |
Country: | New Zealand |
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Currency: | NZD |
Source: | Stats NZ |
Category: | Consumption |
Frequency: | Quarterly |