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 |
|
|
1.1040 -123 pips |
1.1101 +62 pips |
1.11626 | |
| EURNZD |
|
|
1.9099 -747 pips |
1.9757 +89 pips |
1.98456 | |
| NZDCAD |
|
|
0.8172 -47 pips |
0.8291 -72 pips |
0.82191 | |
| NZDJPY |
|
|
86.5420 -83 pips |
88.2863 -92 pips |
87.370 | |
| NZDUSD |
|
|
0.5904 -69 pips |
0.6033 -60 pips |
0.59733 | |
| GBPNZD |
|
|
2.2618 -263 pips |
2.1902 +979 pips |
2.28815 | |
| NZDCHF |
|
|
0.4797 +98 pips |
0.4936 -237 pips |
0.46987 |
News (NZD)
New Zealand Services Index Slumps In August - BusinessNZ
The services sector in New Zealand continued to contract in August, and at a faster pace, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 47.5.
RTTNews | 2 days ago
New Zealand Manufacturing Index Slips Into Contraction - BusinessNZ
The manufacturing sector in New Zealand dropped into contraction territory in August, the latest survey from BusinessNZ revealed on Friday with a Performance of Manufacturing Index score of 49.9.
RTTNews | 5 days ago
New Zealand Building Consents Climb 5.4% In July
The total number of building permits issued in New Zealand was up a seasonally adjusted 5.4 percent on month in July, Statistics New Zealand said on Monday - coming in at 3,252.
RTTNews | 16 days ago
