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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
New ZealandNew Zealand Composite NZ PCI climbed to 53.6 in June 2026
FMPMonthlyReleased July 2026
New Zealand Composite NZ PCI climbed to 53.6 in June 2026, released July 2026, up 3.7 from May's 49.9 reading. The print exceeded the 48.9 consensus by 4.7. The print is running well above the 12-month average of 49.88. Over the past 3 months, Composite NZ PCI averaged 48.9, vs 51.38 in the prior 3-month window. The reading is in the 94th percentile of the trailing 24-month range.
Latest Release
53.6
Actual
48.9
Consensus
49.9
Previous
Median Absolute Error
±2.25
across last 12 releases
Last Call
Jul 2026
Predicted: 49.53
Actual: 53.6
Error: -4.08
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 |
|---|---|---|---|---|---|
| S&P 500 | ▼ Inverse | −0.84 | INDEX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.49 | COMMODITIES | Moves with | → View |
| NZD/USD | ▲ Direct | +0.44 | FOREX | Moves with | → View |
| NZD/JPY | ▲ Direct | +0.40 | FOREX | Moves with | → View |
| AUD/NZD | ▼ Inverse | −0.38 | FOREX | Moves against | → 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 53.60 in July 2026. This beat the market consensus of 48.90 by 4.70. The reading rose from the previous value of 49.90. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 50.45, ranging from 48.40 to 53.70 across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 50.47, down from the prior three at 52.23. Volatility over the past year (σ 1.89) is lower than the prior year (σ 2.30). In July readings over the past 3 years, Composite NZ PCI has averaged 47.60.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with S&P 500 (Bearish S&P 500). A secondary relationship exists with XAU/USD, positively correlated (Bullish XAU). Over the last 12 releases, the Sigmacast model's median absolute error is 2.25.
WHAT TO WATCH NEXT
The next release is scheduled for August 16, 2026. Same-country events in the next 14 days include Employment Change QoQ (Aug 4) and Unemployment Rate (Aug 4).
Auto-generated from current model state · Refreshes on each release · Last update July 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 (Jun 2026): actual 53.6, consensus 48.9. Prior reading (May 2026): 48.4. Before that (Apr 2026): 49.4.
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 S&P 500 (Bearish S&P 500, r=-0.84) — a useful reference for index-focused traders.
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EXPECTED ZONE
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Economic Calendar - NZ Events
| Thursday, July 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 01:00 | NZ | ANZ Business Confidence | 56.1 | 36.6 | 36 | 46.05 | Medium |
| 22:00 | NZ | ANZ Roy Morgan Consumer Confidence | 99.3 | 91.3 | 90.5 | 94.90 | Low |