New Zealand NZD

New Zealand PPI Output QoQ

Impact:
Low

Latest Release:

Date:
Surprise:
-0.1%
Actual:
0.6%
Forecast: 0.7%
Previous/Revision:
0.6%
Period: Q3

Next Release:

Date:
Period: Q4
What Does It Measure?
The New Zealand Producer Price Index (PPI) Output measures the average change over time in the selling prices received by domestic producers for their output. It focuses primarily on production costs and inflationary pressures within various sectors of the economy.
Frequency
The PPI Output is released quarterly, with the data typically published around 6 to 8 weeks after the end of the quarter, providing a final figure based on comprehensive assessments.
Why Do Traders Care?
Traders pay close attention to the PPI Output because it serves as a key inflation indicator, which can influence monetary policy decisions by the Reserve Bank of New Zealand. Stronger-than-expected readings can signal increasing inflation, leading to currency appreciation and shifts in bond and equity markets.
What Is It Derived From?
The PPI Output is derived from a survey that collects data from a wide range of producers across industries, utilizing specific price collections of goods and services over the quarter. The index uses weighting based on the relative importance of different sectors in the economy to calculate the overall price change.
Description
Preliminary reports of the PPI Output are based on early estimates and may be revised later with final data, which reflect a more thorough analysis of price changes. It is reported on a quarter-over-quarter (QoQ) basis to help identify medium-term trends in production costs and inflation, ensuring relevance for economic forecasting amid seasonal variations.
Additional Notes
The PPI Output is considered a leading economic indicator, as rising producer prices can indicate future inflationary trends at the consumer level. This indicator often correlates with other inflation metrics and can influence broader economic assessments, relevant not just in New Zealand but also in comparisons with global price movements.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for NZD, Bearish for Stocks. Dovish tone: Signaling lower interest rates or economic support, is usually bad for the NZD but good for Stocks due to cheaper borrowing costs.

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
0.6%
0.7%
0.6%
-0.1%
0.6%
1%
2.1%
-0.4%
2.1%
0.1%
-0.1%
2%
-0.1%
1.6%
1.5%
-1.7%
1.5%
0.9%
1.1%
0.6%
1.1%
0.6%
0.9%
0.5%
0.9%
0.5%
0.7%
0.4%
0.7%
0.4%
0.8%
0.3%
0.8%
-0.3%
0.2%
1.1%
0.2%
0.7%
0.2%
-0.5%
0.3%
0.8%
0.9%
-0.5%
0.9%
2%
1.6%
-1.1%
1.6%
3.2%
2.4%
-1.6%
2.4%
2.6%
2.6%
1.5%
1.4%
1.8%
1.8%
2.6%
2.6%
1.2%
1.2%
0.5%
0.4%
-0.3%
-0.3%
0.1%
-0.2%
-0.4%
-0.3%
0.3%
0.1%
-0.6%
0.1%
0.7%
0.4%
-0.6%
0.4%
0.3%
1%
0.1%
1%
0.3%
0.5%
0.7%
0.5%
-0.4%
-0.5%
0.9%
-0.5%
1.3%
0.7%
-1.8%
0.8%
0.6%
1.5%
0.2%
1.5%
0.9%
0.9%
0.6%
0.9%
0.2%
0.2%
0.7%
0.2%
0.2%
1%
1%
0.4%
1%
0.6%
1%
1.4%
1.3%
-0.4%
1.3%
0.7%
1.4%
0.6%
1.4%
1.1%
1.5%
0.3%
1.5%
2.4%
1%
-0.9%
1%
0.2%
0.2%
0.8%
0.2%
-0.2%
-0.2%
-0.8%
-0.8%
1.3%
1.3%
-0.2%
-0.2%
-0.9%
-0.9%
0%
-0.1%
-0.9%
Broker Rebates