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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
New ZealandNew Zealand Capacity Utilization climbed to 91.2% in January 2026
FMPMonthlyReleased April 2026
New Zealand Capacity Utilization climbed to 91.2% in January 2026, released April 2026, up 1.4% from December's 89.8% reading. The reading matched the 90.0% consensus. Capacity Utilization has now risen for 3 consecutive months. Capacity Utilization is now the highest in 12 months.
Latest Release
91.2
Actual
90
Consensus
89.8
Previous
Median Absolute Error
±0.9 percentage points
across last 3 releases
Last Call
Jan 2026
Predicted: 89.3
Actual: 89.8
Error: -0.5
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
Capacity Utilization (New Zealand) was reported at 91.2% in April 2026. This beat the market consensus of 90% by 1.2%. The reading rose from the previous value of 89.8%. Trailing 12-month context per ETL data through January 2026.
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
The next release is scheduled for July 13, 2026. Same-country events in the next 14 days include GDP Growth Rate QoQ (Jun 17) and GDP Growth Rate YoY (Jun 17).
Auto-generated from current model state · Refreshes on each release · Last update January 2026.
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Capacity Utilization - NZ
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About Capacity Utilization — New Zealand
DEFINITION
Capacity Utilization is a financial indicator that measures the extent to which a company or industry is utilizing its maximum production capacity. It is calculated by dividing the actual output by the potential output and is expressed as a percentage. This indicator provides valuable insights into the efficiency and productivity of a business, as well as its potential for growth and expansion. A high capacity utilization rate indicates that a company is operating at optimal levels, while a low rate may suggest room for improvement and potential cost savings. Overall, capacity utilization is a key metric for assessing the overall health and performance of a company or industry.
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 (Jan 2026): actual 91.2 %, consensus 90 %. Prior reading (Oct 2025): 89.8 %. Before that (Jul 2025): 89.1 %.
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 bullish 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.