New Zealand NZD

New Zealand King’s Birthday

Impact:
Low

Next Release:

Date:
Period:
What Does It Measure?
The New Zealand King’s Birthday is a public holiday rather than an economic event, thus it does not directly measure any specific economic indicators. However, it can indirectly reflect consumer behavior, leisure spending, and productivity levels as businesses close and people engage in leisure activities.
Frequency
This holiday occurs annually on the first Monday in June, with no preliminary or final estimates as it is a set date.
Why Do Traders Care?
While the King's Birthday itself may have limited direct impact on financial markets, traders consider its effects on retail sales and economic activity, as consumer spending typically increases during public holidays. Understanding these patterns can help in forecasting economic trends and in making informed trading decisions regarding sectors sensitive to holiday spending.
What Is It Derived From?
The observance of King’s Birthday is derived from historical practices and is celebrated across New Zealand, often including community events, activities, and gatherings. There is no survey or calculation involved; instead, its significance surrounds cultural traditions and state observances.
Description
The King's Birthday holiday results in an increase in consumer activities, including retail and hospitality sectors, as individuals and families participate in leisure and entertainment during this time. While it is not an economic indicator in a traditional sense, its timing can provide insights into seasonal spending patterns that influence broader economic conditions.
Additional Notes
King’s Birthday can be compared to other public holidays in New Zealand, as it serves as a coincident measure reflecting spending trends during celebratory periods. Although not a leading economic indicator, it can be analyzed in conjunction with retail sales data to gauge overall consumer sentiment and economic health.
Bullish or Bearish for Currency and Stocks
Not applicable.

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