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New Zealand Employment Change QoQ fell to 0.2 in January 2026, released May 2026, down 0.3 from December's 0.5 reading. The reading missed the 0.3 consensus by 0.1. The print is running well above the 12-month average of 0.18.
across last 12 releases
Feb 2026
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
| 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 May 2026 reading fell from the previous value of 0.5. Over the last 12 releases, the Sigmanomics model has produced a median absolute forecast error of ±0.2. Historically, this indicator is positively correlated with NZD/USD (Bullish NZD) and positively correlated with NZD/JPY (Bullish NZD).
Multi-horizon symbol forecasts, Rolling-Surprise economic predictions, and programmatic API access.
Expected Zones · Trade Bias · Confidence Intervals · API Access · 1,456+ instruments
| Thursday, May 14, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 22:30 | Business NZ PMI | 50.5 | 52.8 | 50.5 | 50.55 | Medium | |
| 22:45 | Food Inflation YoY | 2.6 | 3.4 | 3.9 | 3.67 | Low | |
| Sunday, May 17, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 22:30 | Composite NZ PCI | 48.8 | 46.8 | 46.80 | Low | ||
| 22:30 | Services NZ PSI | 46 | 45 | 45.00 | Low | ||