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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
New ZealandNew Zealand Capacity Utilization climbed to 91.0% in July 2026
FMPMonthlyReleased October 2026
New Zealand Capacity Utilization climbed to 91.0% in July 2026, released October 2026, up 0.2% from June's 90.8% reading. The reading matched the 89.9% consensus. Year-over-year, the indicator is up 1.9%.
Latest Release
91
Actual
89.9
Consensus
90.8
Previous
Median Absolute Error
±0.9 percentage points
across last 5 releases
Last Call
Oct 2026
Predicted: 89.85
Actual: 91
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 | Co-movement | Action |
|---|---|---|---|---|---|
| NZD/USD | ▲ Direct | +0.55 | FOREX | Moves with | → View |
| NZD/JPY | ▲ Direct | +0.45 | FOREX | Moves with | → View |
| AUD/NZD | ▼ Inverse | −0.40 | FOREX | Moves against | → View |
| EUR/NZD | ▼ Inverse | −0.35 | FOREX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → 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% in October 2026. This beat the market consensus of 89.9% by 1.1%. The reading rose from the previous value of 90.8%. Trailing 12-month context per ETL data through October 2026.
WHY IT MATTERS
The indicator has been trending upward over the last three releases.
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 Employment Change QoQ (Nov 3) and Unemployment Rate (Nov 3).
Auto-generated from current model state · Refreshes on each release · Last update October 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 (Jul 2026): actual 91 %, consensus 89.9 %. Prior reading (Apr 2026): 90.8 %. Before that (Jan 2026): 91.2 %.
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.
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EXPECTED ZONE
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Economic Calendar - NZ Events
| Thursday, October 29, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 00:00 | NZ | ANZ Business Confidence | 52.5 | 51.9 | 51.5 | 52.00 | Medium |
| 21:00 | NZ | ANZ Roy Morgan Consumer Confidence | 96.2 | 97.6 | 97.4 | 96.80 | Low |