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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
New ZealandNew Zealand M3 Money Supply fell to 454.4B in May 2026
FMPMonthlyReleased May 2026
New Zealand M3 Money Supply fell to 454.4B in May 2026, down 1.2B from April's 455.6B reading.
Latest Release
454.400000
Actual
—
Consensus
455.600000
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
M3 Money Supply (New Zealand) was reported at 454.40 billion in May 2026. The reading fell from the previous value of 455.60 billion. Trailing 12-month context per ETL data through May 2026.
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 June 30, 2026. Same-country events in the next 14 days include GDP Growth Rate QoQ (Jun 17) and GDP Growth Rate YoY (Jun 17).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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M3 Money Supply - NZ
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About M3 Money Supply — New Zealand
DEFINITION
M3 Money Supply is a key financial indicator that measures the total amount of money in circulation within an economy. It includes all forms of money, such as cash, checking and savings deposits, and other liquid assets. This indicator is closely monitored by economists and policymakers as it provides insight into the overall health and stability of an economy. Changes in the M3 Money Supply can impact inflation, interest rates, and economic growth, making it an important tool for analyzing and forecasting economic trends.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. 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 2026): actual 454,442 B. Prior reading (Mar 2026): 455.6 B. Before that (Feb 2026): 445.9 B.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print. Current dynamics are the primary tailwind in the projection. This indicator correlates most strongly with NZD/USD (Bullish NZD, r=0.55) — a useful reference for forex-focused traders.