Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
New ZealandNew Zealand Electronic Card Retail Sales fell to 2.5% in February 2013
FMPMonthlyReleased March 2013
New Zealand Electronic Card Retail Sales fell to 2.5% in February 2013, released March 2013, down 3.3% from January's 5.8% reading.
Latest Release
2.500000
Actual
—
Consensus
5.800000
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
Electronic Card Retail Sales (New Zealand) was reported at 2.5% in March 2013. The reading fell from the previous value of 5.8%.
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 March 2013.
SHARE
Electronic Card Retail Sales - NZ
Loading chart data...
About Electronic Card Retail Sales — New Zealand
DEFINITION
Electronic Card Retail Sales is a financial indicator that measures the total value of retail sales made using electronic payment methods, such as credit and debit cards. This indicator provides valuable insights into consumer spending behavior and the overall health of the retail sector. It is a key metric for businesses and investors to track in order to make informed decisions and assess the performance of the retail industry.
WHY THIS INDICATOR MATTERS
Consumer activity accounts for the majority of GDP in advanced economies, making spending data a key cyclical signal for retail and discretionary sectors. 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 (Mar 2013): actual 0.8 %. Prior reading (Mar 2013): 2.5 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower 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.