Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
New ZealandNew Zealand Electronic Card Retail Sales MoM fell to -0.5% in March 2013
FMPMonthlyReleased April 2013
New Zealand Electronic Card Retail Sales MoM fell to -0.5% in March 2013, released April 2013, down 1.3% from February's 0.8% reading.
Latest Release
-0.500000
Actual
—
Consensus
0.800000
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 MoM (New Zealand) was reported at -0.5% in April 2013. The reading fell from the previous value of 0.8%.
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 April 2013.
SHARE
Electronic Card Retail Sales MoM - NZ
Loading chart data...
About Electronic Card Retail Sales MoM — New Zealand
DEFINITION
Electronic Card Retail Sales MoM (Month-over-Month) is a financial indicator that measures the change in retail sales made using electronic cards, such as credit and debit cards, from one month to the next. This indicator provides valuable insights into consumer spending patterns and overall economic activity, making it a key tool for businesses and investors to track and analyze. A positive MoM growth in electronic card retail sales indicates an increase in consumer spending, while a negative growth may signal a decline in consumer confidence and potential economic downturn.
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 (Apr 2013): actual -0.5 %.
WHAT'S NEXT
This indicator correlates most strongly with NZD/USD (Bullish NZD, r=0.55) — a useful reference for forex-focused traders.