New Zealand GDP Growth Rate QoQ
Heavily reliant on foreign trade, New Zealand has a sophisticated market economy. The country has a tight relationship with Australia, which is the country's largest importer of kiwi products, as well as a supplier and investor. The tourism industry and agricultural exports are the two most developed industries in New Zealand, and they are the primary drivers of the country's economic development. A large portion of the economy is devoted to services, which account for 75% of total GDP. These services include financial, insurance, and business services (30%), personal and community services (13%), transportation and communication services (11%). In terms of GDP, industry accounts for 17%, with manufacturing accounting for 13% and construction accounting for 4%. The remaining 8% is composed of industries like agriculture, fishing, forestry, and mining.
A higher than expected figure should be seen as positive (bullish) for the NZD while a lower than expected figure should be seen as negative (bearish) for the NZD.
Forex Sentiment (NZD)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| AUDNZD |
|
|
1.0961 -101 pips |
1.1071 -9 pips |
1.10623 | |
| EURNZD |
|
|
1.8178 -260 pips |
1.8419 +19 pips |
1.84383 | |
| NZDCAD |
|
|
0.8149 -2 pips |
0.8307 -156 pips |
0.81512 | |
| NZDJPY |
|
|
87.2962 -75 pips |
89.6336 -159 pips |
88.045 | |
| NZDUSD |
|
|
0.5770 +103 pips |
0.5936 -269 pips |
0.56674 | |
| GBPNZD |
|
|
2.1701 -289 pips |
2.1275 +715 pips |
2.19901 | |
| NZDCHF |
|
|
0.5136 +12 pips |
0.5254 -130 pips |
0.51239 |
News (NZD)
New Zealand Inflation Climbs 2.2% On Year In Q4
Consumer prices in New Zealand were up 2.2 percent on year in the fourth quarter of 2024, Statistics New Zealand said on Wednesday.
RTTNews | 6 days ago
New Zealand Manufacturing PMI Improves To 45.9 - BusinessNZ
The manufacturing sector in New Zealand continued to contract in December, albeit at a slower pace, the latest survey from BusinessNZ revealed on Friday with a manufacturing PMI score of 45.9.
RTTNews | 11 days ago
New Zealand Building Permits Rebound In November
The number of building consents issued in New Zealand was up a seasonally adjusted 5.3 percent on month in November, Statistics New Zealand said on Monday - erasing the 5.2 percent decline in October.
RTTNews | 15 days ago
