New Zealand NZD

New Zealand Manufacturing Sales YoY

Impact:
Low

Latest Release:

Date:
Surprise:
-1.7%
Actual:
0.8%
Forecast: 2.5%
Previous/Revision:
-1.6%
Period: Q4

Next Release:

Date:
Forecast: 2.9%
Period: Q1
What Does It Measure?
The New Zealand Manufacturing Sales Year-over-Year (YoY) measures the percentage change in the value of goods sold by the manufacturing sector compared to the same period in the previous year. This indicator primarily focuses on production levels and economic health within the manufacturing industry, assessing factors such as output, business activity, and demand dynamics.
Frequency
This report is released quarterly, with the figures being final, typically published approximately six to eight weeks after the end of each quarter.
Why Do Traders Care?
Traders pay close attention to manufacturing sales as they reflect the overall health of the economy, influencing financial markets significantly. Increases in manufacturing sales can bolster demand for New Zealand's currency (NZD) and positively affect stock market performance, whereas lower-than-expected results may lead to bearish sentiment for both stocks and currency.
What Is It Derived From?
The manufacturing sales figure is derived from data collected through a comprehensive survey of manufacturing firms across New Zealand, utilizing sales figures, production data, and broader economic indicators. This collection method ensures representativeness and reliability while employing statistical techniques to analyze and report the data.
Description
The New Zealand Manufacturing Sales YoY presents a critical insight into the manufacturing sector's performance by comparing current sales values to those of the same quarter from the prior year, thus eliminating seasonal volatility. This YoY approach is particularly useful for identifying long-term trends in industrial activity and gauging economic health over time.
Additional Notes
This metric is a coincident economic indicator, meaning it helps assess the current state of the economy by reflecting real-time activity within the manufacturing sector. Comparatively, it serves as a valuable signal alongside other indicators like the Manufacturing Purchasing Managers' Index (PMI) to provide a holistic view of economic performance.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for NZD, Bullish for Stocks. Lower than expected: Bearish for NZD, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
0.8%
2.5%
-1.6%
-1.7%
-1.6%
2.2%
-2.8%
-3.8%
-3%
3%
-2%
-6%
-2.2%
4.5%
-3.4%
-6.7%
-3.4%
-1.6%
-6.7%
-1.8%
-6.5%
0.9%
-1.6%
-7.4%
-1.6%
-2.6%
-10%
1%
-4.4%
1.5%
-9.9%
-5.9%
-9.9%
2.6%
1.5%
-12.5%
3.1%
4.5%
-4.9%
-1.4%
-7.4%
-7%
-3.6%
-0.4%
-3.3%
-0.8%
1.1%
-2.5%
1.2%
-1.4%
-6.4%
2.6%
-6.2%
18.8%
4.3%
3.5%
2.1%
0.8%
2%
2.5%
3.1%
-0.5%
3.1%
-6%
-12.1%
9.1%
-12.1%
-12%
-0.4%
-0.1%
-1.9%
0.6%
1.5%
-2.5%
1.5%
1%
0.2%
0.5%
0.2%
-1%
-0.4%
1.2%
-0.4%
1.3%
2.1%
-1.7%
2.2%
1.5%
0.3%
0.7%
0.3%
2.7%
-0.3%
-2.4%
-0.3%
3.2%
1.7%
-3.5%
2.1%
4.5%
2.3%
-2.4%
3.1%
2.9%
1.3%
0.2%
1.4%
2.5%
0%
-1.1%
0%
1.1%
0%
-1.1%
0.4%
1.5%
-0.1%
-1.1%
-0.1%
2.8%
1.7%
-2.9%