Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
New ZealandNew Zealand Business NZ PMI fell to 50.5 in April 2026
FMPMonthlyReleased May 2026
New Zealand Business NZ PMI fell to 50.5 in April 2026, released May 2026, down 2.3 from March's 52.8 reading. The reading matched the 50.5 consensus. Business NZ PMI has now declined for 5 consecutive months. Over the past 3 months, Business NZ PMI averaged 54.1, vs 54.23 in the prior 3-month window. Business NZ PMI is now the lowest in 6 months.
Latest Release
50.5
Actual
50.5
Consensus
52.8
Previous
Median Absolute Error
±1.76
across last 12 releases
Last Call
Feb 2026
Predicted: 56.35
Actual: 55.2
Error: +1.15
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 | +0.64 | FOREX | Bullish NZD | → View |
| AUD/USD | ▲ Direct | +0.32 | FOREX | Bullish AUD | → View |
| XAU/USD | ▼ Inverse | −0.28 | COMMODITIES | Bearish XAU | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
The May 2026 reading fell from the previous value of 52.8. Over the last 12 releases, the Sigmanomics model has produced a median absolute forecast error of ±1.76. Historically, this indicator is positively correlated with NZD/USD (Bullish NZD) and positively correlated with AUD/USD (Bullish AUD).
SHARE
Business NZ PMI - NZ
Loading chart data...
Σ
EXPECTED ZONE
SIGMANOMICS MARKET FORECAST ENGINE
Multi-horizon symbol forecasts, Rolling-Surprise economic predictions, and programmatic API access.
Expected Zones · Trade Bias · Confidence Intervals · API Access · 1,456+ instruments
FOREXCRYPTOSTOCKSCOMMODITIESINDICESAPI
BLSBEAFMPWORLD BANKFRED
1,456+ instruments247 indicators530+ correlationsREST + GQL API
4,151 economic indicators127 countries covered6 data sources
FREDBLSEIAECBBOJFMP
Economic Calendar - NZ Events
| Sunday, May 17, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 22:30 | NZ | Composite NZ PCI | 48.8 | 46.8 | 46.80 | Low | |
| 22:30 | NZ | Services NZ PSI | 46 | 45 | 45.00 | Low | |
| Monday, May 18, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 22:45 | NZ | PPI Output QoQ | 0.1 | 1.6 | 1.50 | Low | |
| 22:45 | NZ | Electronic Retail Card Spending MoM | 0.7 | 1.1 | 0.30 | Low | |
| 22:45 | NZ | Electronic Retail Card Spending YoY | 2.7 | 3.4 | 3.80 | Low | |
| 22:45 | NZ | Producer Price Index QoQ | -0.5 | 1.1 | 1.10 | Low | |