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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.
across last 12 releases
Feb 2026
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
| 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).
Multi-horizon symbol forecasts, Rolling-Surprise economic predictions, and programmatic API access.
Expected Zones · Trade Bias · Confidence Intervals · API Access · 1,456+ instruments
| Sunday, May 17, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 22:30 | Composite NZ PCI | 48.8 | 46.8 | 46.80 | Low | ||
| 22:30 | Services NZ PSI | 46 | 45 | 45.00 | Low | ||
| Monday, May 18, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 22:45 | PPI Output QoQ | 0.1 | 1.6 | 1.50 | Low | ||
| 22:45 | Electronic Retail Card Spending MoM | 0.7 | 1.1 | 0.30 | Low | ||
| 22:45 | Electronic Retail Card Spending YoY | 2.7 | 3.4 | 3.80 | Low | ||
| 22:45 | Producer Price Index QoQ | -0.5 | 1.1 | 1.10 | Low | ||