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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
New ZealandNew Zealand Consumer Confidence WESTPAC climbed to 120.1 in November 2013
FMPMonthlyReleased December 2013
New Zealand Consumer Confidence WESTPAC climbed to 120.1 in November 2013, released December 2013, up 4.7 from October's 115.4 reading.
Latest Release
120.100000
Actual
—
Consensus
115.400000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
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
Consumer Confidence WESTPAC (New Zealand) was reported at 120.10 in December 2013. The reading rose from the previous value of 115.40.
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 Current Account (Jun 16) and GDP Growth Rate QoQ (Jun 17).
Auto-generated from current model state · Refreshes on each release · Last update December 2013.
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Consumer Confidence WESTPAC - NZ
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About Consumer Confidence WESTPAC — New Zealand
DEFINITION
Consumer Confidence WESTPAC is a widely recognized financial indicator that measures the level of optimism or pessimism among consumers in the Australian market. It is based on a survey conducted by the Westpac Banking Corporation, one of the largest banks in Australia, and provides valuable insights into consumer spending patterns and overall economic sentiment. This indicator is closely monitored by investors, businesses, and policymakers as it can have a significant impact on the performance of the economy. A high level of consumer confidence is generally associated with increased consumer spending and a strong economy, while a low level may indicate potential economic downturn.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. 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 (Dec 2013): actual 120.1. Prior reading (Sep 2013): 115.4. Before that (Jun 2013): 116.6.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print. Current dynamics are the primary headwind in the projection. This indicator correlates most strongly with NZD/USD (Bullish NZD, r=0.55) — a useful reference for forex-focused traders.