New Zealand economic indicators

The New Zealand dollar is a minor currency, but it is suitable for people who are doing swing trading. Not suitable for shorts and scalping people. The price movement is not so big compared to the Australian dollar, and it is normal to hold a position for a few days to a week. There are no big economic indicators, but I have summarized them as a list. Basically, you only need to be aware of the most important ones.

Reserve Bank of New Zealand Interest Rate Policy (Importance: High)

The Reserve Bank of New Zealand RBNZ, the central bank, will hold an announcement of changes in the policy interest rate. This indicator also affects the neighboring country, Australia, and moves the market.

Trade balance (importance: low)

Statistics New Zealand announces. The trade balance is the balance of exports and imports. The higher this number, the easier it is to buy New Zealand dollars.

Retail sales (importance: medium)

It is an index of monthly sales of retail and service industries such as department stores and supermarkets announced by Statistics New Zealand. The higher this number, the easier it is to buy New Zealand dollars.

ANZ Corporate Trust (Importance: Low)

The Business Confidence Index, released by the Bank of New Zealand (ANZ), is an index that allows you to check the latest business conditions in New Zealand. An upward trend in indicators indicates an increase in capital investment, which may lead to higher levels of output.

 Number of housing construction permits (importance: low)

The number of construction permits is the number of newly built buildings permitted by the government. High numbers are a buying factor for the New Zealand dollar.

Increase / decrease in the number of employees in the quarter (importance: high)

15,000 households and 30,000 people will be surveyed in the employment statistics, and if the number of employees increases, the number of employees will increase. An increase in the number of employees is interpreted as an increase in domestic demand.

Unemployment rate (importance: high)

It will be announced at the same timing as the increase or decrease in the number of employees. As with the RBNZ, the interest rate policy will move the market significantly. It is an indicator of caution.

NBNZ Corporate Confidence (Importance: Low)

The NBNZ Corporate Confidence announced by the National Bank of New Zealand (NBNZ) is the Corporate Business Confidence Index. You can see the current state of the economy and the future outlook.

Consumer Price Index (Importance: Medium)

The consumer price index is a numerical value that represents the overall price level of goods and services purchased by general consumer households, and is also called CPI (abbreviation of Consumer Price Index). An index that shows the price of goods that consumers buy.

Gross Domestic Product (GDP) (importance: high)

Gross Domestic Product (GDP), announced by Statistics New Zealand, is the total value added to domestically produced final products and services.