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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
New ZealandNew Zealand ANZ Commodity Price Index MoM climbed to -0.4% in August 2026
FMPMonthlyReleased September 2026
New Zealand ANZ Commodity Price Index MoM climbed to -0.4% in August 2026, released September 2026, up 3.6% from July's -4.0% reading.
Latest Release
-0.400000
Actual
—
Consensus
-4.000000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| NZD/JPY | ▼ Inverse | −0.38 | FOREX | Moves against | → View |
| NZD/USD | ▲ Direct | +0.29 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
ANZ Commodity Price Index MoM (New Zealand) was reported at -0.4% in September 2026. The reading rose from the previous value of -4%. Trailing 12-month context per ETL data through September 2026. Over the past 12 months, the indicator has averaged -0.28%, ranging from -3.9% to 4.2% across 9 releases.
WHY IT MATTERS
The trailing three releases averaged -1.2%, down from the prior three at 1.37%. Volatility over the past year (σ 2.24%) is higher than the prior year (σ 1.51%).
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with NZD/JPY (Bearish NZD).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Current Account (Sep 15) and Current Account (Sep 15).
Auto-generated from current model state · Refreshes on each release · Last update September 2026.
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ANZ Commodity Price Index MoM - NZ
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About ANZ Commodity Price Index MoM — New Zealand
DEFINITION
New Zealand's ANZ Commodity Price Index MoM fell by -0.400000% in August, improving from July's sharper decline of -3.9%. The smaller contraction signals a moderation in commodity price weakness after two consecutive months of steep drops. Market focus now shifts to upcoming inflation data for further clarity on the Reserve Bank's policy direction. Updated 9/3/26
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Sep 2026): actual -0.4 %. Prior reading (Aug 2026): -3.9 %. Before that (Jun 2026): 0.7 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection.
Σ
EXPECTED ZONE
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Economic Calendar - NZ Events
| Monday, September 14, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 22:45 | NZ | Electronic Retail Card Spending YoY | 0.2 | 3.4 | 3 | 1.60 | Low |
| 22:45 | NZ | Electronic Retail Card Spending MoM | -0.9 | 1.2 | -0.7 | -0.80 | Low |
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 02:35 | NZ | 3-Month Bill Auction | 2.902 | 2.878 | 2.809 | 2.86 | Low |
| 21:00 | NZ | Westpac Consumer Confidence | 80.4 | 82.3 | 76.05 | Low | |
| 22:45 | NZ | Current Account | -1.01 | -2.65 | -2.64 | Medium | |
| 22:45 | NZ | Current Account | -1.01 | -7.5 | -7.49 | Medium | |
| Wednesday, September 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 22:45 | NZ | GDP Growth Rate YoY | 1.5 | 2.3 | 2.50 | Medium | |