New Zealand NZD

New Zealand Day After New Year's Day

Impact:
Low

Next Release:

Date:
Period:
What Does It Measure?
New Zealand's Day After New Year’s Day is a public holiday that marks the first day following the New Year’s Day holiday. While it may not directly measure economic performance, it reflects consumer behavior, particularly in retail and leisure industries, as people engage in spending and travel post-holidays.
Frequency
This event occurs annually on January 2nd, aligning with New Zealand's cultural practices and public holiday calendar.
Why Do Traders Care?
Traders and investors pay attention to public holidays like the Day After New Year’s Day as they often correlate with shifts in consumer spending patterns and economic activity. Such seasonal spending can influence retail sales figures, which are vital for assessing the overall health of the economy and can affect currency valuations and stock performance.
What Is It Derived From?
This public holiday status is derived from New Zealand legislation governing public holidays and societal customs. The economic implications drawn from the Day After New Year’s Day can be influenced by various surveys and historical spending data from prior years.
Description
As a public holiday, the Day After New Year's Day does not yield quantitative economic data by itself; however, it serves as an indicator of potential consumer spending practices during the holiday season. While it is primarily a social observance, the day off work allows individuals to participate in leisure activities which can lead to increased sales in sectors like tourism, hospitality, and retail.
Additional Notes
The Day After New Year’s Day serves as a coincident indicator, hinting at short-term economic activity linked to consumer habits that follow holiday festivities. It complements other retail data points reported in January, such as post-holiday sales figures, and establishes a context for understanding consumer trends during the festive season.

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