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New Zealand Labour Costs Index YoY fell to 3.4 in July 2024, released November 2024, down 0.2 from June's 3.6 reading. The reading matched the 3.4 consensus. Labour Costs Index YoY has now declined for 7 consecutive months. Labour Costs Index YoY is now the lowest in 27 months.
across last 12 releases
Nov 2024
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 November 2024 reading fell from the previous value of 3.6. Over the last 12 releases, the Sigmanomics model has produced a median absolute forecast error of ±0.1. 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
| 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 | ||
| Monday, May 18, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 22:45 | PPI Output QoQ | 0.1 | 1.6 | 1.50 | Low | ||
| 22:45 | Electronic Retail Card Spending MoM | 0.7 | 1.1 | 0.30 | Low | ||
| 22:45 | Electronic Retail Card Spending YoY | 2.7 | 3.4 | 3.80 | Low | ||
| 22:45 | Producer Price Index QoQ | -0.5 | 1.1 | 1.10 | Low | ||