Lower numbers than forecast tend to be bullish for xxx/NZD pairs and bearish for NZD/xxx pairs.
The most recent announced value for Participation Rate was 71.5% against a forecast of 71.9%.
Recent economic data has been strongly bearish for NZD. Other recent announcements which may affect the market's interpretation of the next Participation Rate result:
Previous | Latest | ||||
---|---|---|---|---|---|
Business NZ PMI | Bullish change | 46.8 | 48.9 | ||
Building Permits s.a. (MoM) | Bearish change | 15.9% | -0.2% | ||
Employment Change | Bearish change | 0.4% | -0.2% | ||
Labour Cost Index (QoQ) | Bearish change | 1% | 0.8% | ||
Unemployment Rate | Bearish change | 4% | 4.3% |
Country: | New Zealand |
---|---|
Currency: | NZD |
Source: | Stats NZ |
Category: | Labor Market |
Frequency: | Quarterly |