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 |
|
|
1.0970 -99 pips |
1.1076 -7 pips |
1.10690 | |
| EURNZD |
|
|
1.8072 -332 pips |
1.8403 +1 pips |
1.84044 | |
| NZDCAD |
|
|
0.8108 -2 pips |
0.8236 -126 pips |
0.81099 | |
| NZDJPY |
|
|
87.0353 -105 pips |
90.0550 -197 pips |
88.087 | |
| NZDUSD |
|
|
0.5756 +104 pips |
0.5890 -238 pips |
0.56519 | |
| GBPNZD |
|
|
2.1495 -305 pips |
2.1393 +407 pips |
2.17999 | |
| NZDCHF |
|
|
0.5140 +15 pips |
0.5269 -144 pips |
0.51249 |
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 | 14h 1min 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 | 5 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 | 9 days ago
