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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
New ZealandNew Zealand Electronic Card Retail Sales YoY climbed to 4.2% in March 2013
FMPMonthlyReleased April 2013
New Zealand Electronic Card Retail Sales YoY climbed to 4.2% in March 2013, released April 2013, up 1.7% from February's 2.5% reading.
Latest Release
4.200000
Actual
—
Consensus
2.500000
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 YoY (New Zealand) was reported at 4.2% in April 2013. The reading rose from the previous value of 2.5%.
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 RBNZ Interest Rate Decision (May 27) and Monetary Policy Statement (May 27).
Auto-generated from current model state · Refreshes on each release · Last update April 2013.
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Electronic Card Retail Sales YoY - NZ
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About Electronic Card Retail Sales YoY — New Zealand
DEFINITION
Electronic Card Retail Sales YoY (year-over-year) is a financial indicator that measures the percentage change in retail sales made using electronic cards compared to the same period in the previous year. This indicator provides valuable insights into the growth or decline of consumer spending on goods and services through electronic transactions, reflecting 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 (Apr 2013): actual 4.2 %.
WHAT'S NEXT
This indicator correlates most strongly with NZD/USD (Bullish NZD, r=0.55) — a useful reference for forex-focused traders.