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 (YoY) was 2.2% against a forecast of 2.3%.
Recent economic data has been strongly bearish for NZD. Other recent announcements which may affect the market's interpretation of the next Labour Cost Index (YoY) result:
Previous | Latest | ||||
---|---|---|---|---|---|
Employment Change | Bearish change | 0.1% | -0.1% | ||
Labour Cost Index (QoQ) | Bullish change | 0.4% | 0.6% | ||
Participation Rate | Bearish change | 70.8% | 70.5% | ||
Unemployment Rate | Bearish change | 5.1% | 5.2% | ||
Building Permits s.a. (MoM) | Bearish change | 10.3% | -6.4% |
Country: | New Zealand |
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Currency: | NZD |
Source: | Stats NZ |
Category: | Labor Market |
Frequency: | Quarterly |