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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
New ZealandNew Zealand Gross Domestic Product QoQ climbed to 0.8% in Q1 2026
FMPMonthlyReleased June 2026
New Zealand Gross Domestic Product QoQ climbed to 0.8% in Q1 2026, released June 2026, up 0.3% from December's 0.5% reading. The reading matched the 0.8% consensus. The print is running well above the 12-month average of 0.4%.
Latest Release
0.8
Actual
0.8
Consensus
0.5
Previous
Median Absolute Error
±0.15 percentage points
across last 4 releases
Last Call
Jun 2026
Predicted: 0.8
Actual: 0.8
Error: +0
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| NZD/USD | ▲ Direct | +0.55 | FOREX | Moves with | → View |
| NZD/JPY | ▲ Direct | +0.45 | FOREX | Moves with | → View |
| AUD/NZD | ▼ Inverse | −0.40 | FOREX | Moves against | → View |
| EUR/NZD | ▼ Inverse | −0.35 | FOREX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Gross Domestic Product QoQ (New Zealand) was reported at 0.8% in June 2026. This matched the market consensus of 0.8% exactly. The reading rose from the previous value of 0.5%. Trailing 12-month context per ETL data through June 2026. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 0.7%, up from the prior three at 0.23%.
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
The next release is scheduled for September 16, 2026. Same-country events in the next 14 days include Current Account (Sep 15) and Current Account (Sep 15).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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Gross Domestic Product QoQ - NZ
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About Gross Domestic Product QoQ — New Zealand
DEFINITION
New Zealand's Gross Domestic Product QoQ rose 0.800000% in June 2026, missing the 0.900000% estimate but up from March's 0.100000%. The economy expanded at the same 0.8% rate as in June 2025, showing steady growth after a weak first quarter. Market focus remains on upcoming inflation data and central bank policy signals. Updated 6/17/26
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jan 2026): actual 0.8 %, consensus 0.9 %. Prior reading (Oct 2025): 0.1 %. Before that (Jul 2025): 1.3 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with NZD/USD (Bullish NZD, r=0.55) — a useful reference for forex-focused traders.
Σ
EXPECTED ZONE
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Economic Calendar - NZ Events
| Monday, September 14, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 22:45 | NZ | Electronic Retail Card Spending YoY | 0.2 | 3.4 | 3 | 1.60 | Low |
| 22:45 | NZ | Electronic Retail Card Spending MoM | -0.9 | 1.2 | -0.7 | -0.80 | Low |
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 02:35 | NZ | 3-Month Bill Auction | 2.902 | 2.878 | 2.809 | 2.86 | Low |
| 21:00 | NZ | Westpac Consumer Confidence | 80.4 | 82.3 | 76.05 | Low | |
| 22:45 | NZ | Current Account | -1.01 | -2.57 | -2.56 | Medium | |
| 22:45 | NZ | Current Account | -1.01 | -7.5 | -7.49 | Medium | |