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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
New ZealandNew Zealand Manufacturing sales climbed to 0.2% in May 2013
FMPMonthlyReleased June 2013
New Zealand Manufacturing sales climbed to 0.2% in May 2013, released June 2013, up 0.2% from April's 0.0% reading.
Latest Release
0.200000
Actual
—
Consensus
0.000000
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
Manufacturing sales (New Zealand) was reported at 0.2% in June 2013. The reading rose from the previous value of 0%.
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
Same-country events in the next 14 days include RBNZ Interest Rate Decision (May 27) and Monetary Policy Statement (May 27).
Auto-generated from current model state · Refreshes on each release · Last update June 2013.
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Manufacturing sales - NZ
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About Manufacturing sales — New Zealand
DEFINITION
Manufacturing sales is a key financial indicator that measures the total value of goods sold by manufacturing companies within a specific period of time. This indicator provides valuable insights into the health and performance of the manufacturing sector, which is a crucial component of the overall economy. It is often used by investors, policymakers, and analysts to assess the strength of the manufacturing industry and its impact on the broader economy. By tracking changes in manufacturing sales, businesses and individuals can make informed decisions about investments, production, and consumer spending.
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 (Jun 2013): actual 0.2 %.
WHAT'S NEXT
This indicator correlates most strongly with NZD/USD (Bullish NZD, r=0.55) — a useful reference for forex-focused traders.