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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
New ZealandNew Zealand Business NZ/Markit PMI fell to 51.8 in April 2015
FMPMonthlyReleased May 2015
New Zealand Business NZ/Markit PMI fell to 51.8 in April 2015, released May 2015, down 2.7 from March's 54.5 reading.
Latest Release
51.800000
Actual
—
Consensus
54.500000
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 | 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 NZ/Markit PMI (New Zealand) was reported at 51.80 in April 2015. The reading fell from the previous value of 54.50. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 54.07, down from the prior three at 54.60.
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 May 2015.
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Business NZ/Markit PMI - NZ
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About Business NZ/Markit PMI — New Zealand
DEFINITION
The Business NZ/Markit PMI is a widely recognized financial indicator that measures the performance of the manufacturing sector in New Zealand. It is based on a monthly survey of purchasing managers, providing valuable insights into the country's economic health and business activity. With a focus on key factors such as production, new orders, and employment, this indicator is a crucial tool for investors and policymakers in assessing the overall strength of the New Zealand economy.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2015): actual 51.8. Prior reading (Mar 2015): 54.5. Before that (Feb 2015): 55.9.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar 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 tailwind in the current projection. This indicator correlates most strongly with NZD/USD (Bullish NZD, r=0.55) — a useful reference for forex-focused traders.