NZD News

The total value of retail sales in New Zealand advanced a seasonally adjusted 2.7 percent on quarter in the first quarter of 2015, Statistics New Zealand said on Thursday - standing at NZ$19.3 billion.

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2015-05-29 02:00 GMT (or 04:00 MQ MT5 time) | [NZD - NBNZ Business Confidence]

• past data is 30.2
• forecast data is n/a
• actual data is 15.7 according to the latest press release

if actual > forecast (or previous data) = good for currency (for NZD in our case)

[NZD - NBNZ Business Confidence] = Level of a diffusion index based on surveyed manufacturers, builders, retailers, agricultural firms, and service providers. It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment.

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• "Business confidence and firms’ signals on the employment, investment and activity front are receding. They’re receding from high levels though, so let’s keep it in perspective.
• The growth side of the economy still looks okay; optimism is just progressively being tempered. There are risks though, and declines are looking more trend-like.
• Inflation expectations fell to a historical low. A low headline inflation rate will be playing a role, but it’s notable that inflation expectations are tracking below the inflation target midpoint; that’s unusual."

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NZDUSD M5: 28 pips price movement by NZD - NBNZ Business Confidence news event :

New Zealand's commodity prices fell for the second successive month in May due to lower dairy product prices, although the rate of decline slowed when compared to the previous month, the results of survey by ANZ showed Wednesday.

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New Zealand local authorities had a wider operating deficit in the first quarter compared to the previous quarter, a report released by Statistics New Zealand showed Monday.

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New Zealand's gross domestic product expanded just 2.6 percent on year in the first quarter of 2015, Statistics New Zealand said on Thursday.

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Consumer confidence in New Zealand declined in the second quarter of 2015, the latest survey from Westpac Bank showed on Monday, with an index score of 113.0.

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New Zealand's commodity prices fell for the third successive month in June largely due to lower aluminum prices, although the rate of decline slowed when compared to the previous month, the results of survey by ANZ showed Thursday.

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The value of overall credit card transactions in New Zealand jumped a seasonally adjusted 0.6 percent on month in June, Statistics New Zealand said on Thursday.

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Food prices in New Zealand advanced 0.5 percent on month in June, Statistics New Zealand said on Monday, following the 0.4 percent gain in May.

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Inflation in New Zealand was up 0.3 percent on year in the second quarter of 2015, Statistics New Zealand said on Thursday.

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