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Data from Stats NZ. Forecasts by Sigmanomics Forecast Engine.
New ZealandNew Zealand Business Inflation Expectations climbed to 2.1% in October 2024
Stats NZMonthlyReleased November 2024
New Zealand Business Inflation Expectations climbed to 2.1% in October 2024, released November 2024, up 0.1% from September's 2.0% reading. The print exceeded the 2.0% consensus by 0.1%. The print is running well below the 12-month average of 2.9%.
Latest Release
2.1
Actual
2
Consensus
2
Previous
Median Absolute Error
±0.1 percentage points
across last 5 releases
Last Call
Nov 2024
Predicted: 2
Actual: 2.1
Error: -0.1
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| NZD/USD | ▲ Direct | +0.55 | FOREX | Bullish NZD | → View |
| NZD/JPY | ▲ Direct | +0.45 | FOREX | Bullish NZD | → View |
| AUD/NZD | ▼ Inverse | −0.40 | FOREX | Bearish AUD | → View |
| EUR/NZD | ▼ Inverse | −0.35 | FOREX | Bullish NZD | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Business Inflation Expectations (New Zealand) was reported at 2.1% in November 2024. This beat the market consensus of 2% by 0.1%. The reading rose from the previous value of 2%.
WHY IT MATTERS
The trailing three releases averaged 2.13%, down from the prior three at 2.7%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with NZD/USD (Bullish NZD). A secondary relationship exists with NZD/JPY, positively correlated (Bullish NZD).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include RBNZ Interest Rate Decision (May 27) and Monetary Policy Statement (May 27).
Auto-generated from current model state · Refreshes on each release · Last update November 2024.
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Business Inflation Expectations - NZ
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About Business Inflation Expectations — New Zealand
DEFINITION
Business Inflation Expectations is a financial indicator that measures the anticipated rate of inflation in the business sector. It is based on surveys and data collected from businesses, and provides insight into the expected changes in prices for goods and services. This indicator is used by investors, policymakers, and businesses to make informed decisions and plan for potential economic changes. By tracking Business Inflation Expectations, stakeholders can better understand the current and future state of the economy and adjust their strategies accordingly.
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. 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 (Oct 2024): actual 2.1 %, consensus 2 %. Prior reading (Jul 2024): 2 %. Before that (Apr 2024): 2.3 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with NZD/USD (Bullish NZD, r=0.55) — a useful reference for forex-focused traders.