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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
New ZealandNew Zealand Labour Costs Index QoQ fell to 0.6 in July 2024
FMPMonthlyReleased November 2024
New Zealand Labour Costs Index QoQ fell to 0.6 in July 2024, released November 2024, down 0.3 from June's 0.9 reading. The reading missed the 0.7 consensus by 0.1. The print is running well below the 12-month average of 0.92. Labour Costs Index QoQ is now the lowest in 39 months.
Latest Release
0.6
Actual
0.7
Consensus
0.9
Previous
The November 2024 reading fell from the previous value of 0.9. Historically, this indicator is positively correlated with NZD/USD (Bullish NZD) and positively correlated with NZD/JPY (Bullish NZD).
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Labour Costs Index QoQ - NZ
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