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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
New ZealandNew Zealand Composite NZ PCI climbed to 53.4 in September 2026
FMPMonthlyReleased October 2026
New Zealand Composite NZ PCI climbed to 53.4 in September 2026, released October 2026, up 1 from August's 52.4 reading. The reading matched the 52.5 consensus. The print is running well above the 12-month average of 50.83. Over the past 3 months, Composite NZ PCI averaged 52.55, vs 50.47 in the prior 3-month window. The reading is in the 90th percentile of the trailing 24-month range.
Latest Release
53.4
Actual
52.5
Consensus
52.4
Previous
Median Absolute Error
±1.74
across last 12 releases
Last Call
Oct 2026
Predicted: 52.2
Actual: 53.4
Error: -1.2
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/JPY | ▲ Direct | +0.71 | FOREX | Moves with | → View |
| AUD/USD | ▲ Direct | +0.70 | FOREX | Moves with | → View |
| S&P 500 | ▼ Inverse | −0.68 | INDEX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.68 | COMMODITIES | Moves with | → View |
| NZD/USD | ▲ Direct | +0.67 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Composite NZ PCI (New Zealand) was reported at 53.40 in October 2026. This beat the market consensus of 52.50 by 0.90. The reading rose from the previous value of 52.40. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 51.42, ranging from 48.40 to 53.70 across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 52.83, up from the prior three at 50.47. Volatility over the past year (σ 1.91) is comparable than the prior year (σ 1.99). In October readings over the past 3 years, Composite NZ PCI has averaged 49.60.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with NZD/JPY (Bullish NZD). A secondary relationship exists with AUD/USD, positively correlated (Bullish AUD). Over the last 12 releases, the Sigmacast model's median absolute error is 1.74.
WHAT TO WATCH NEXT
The next release is scheduled for November 15, 2026. 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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Composite NZ PCI - NZ
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About Composite NZ PCI — New Zealand
DEFINITION
The Composite NZ PCI (Performance of Composite Index) is a key financial indicator that measures the overall performance of New Zealand's manufacturing and services sectors. It combines data from the Performance of Manufacturing Index (PMI) and Performance of Services Index (PSI) to provide a comprehensive view of the country's economic activity. This indicator is closely monitored by investors, policymakers, and businesses as it reflects the health and growth potential of the New Zealand economy. A higher Composite NZ PCI indicates a strong and expanding economy, while a lower reading may suggest a slowdown or contraction.
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 (Sep 2026): actual 53.4, consensus 52.5. Prior reading (Aug 2026): 52.5. Before that (Jul 2026): 52.6.
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 headwind in the current projection. This indicator correlates most strongly with NZD/JPY (Bullish NZD, r=0.71) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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