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PPI Output (New Zealand) was reported at 1.1 in August 2024. The reading beat the market consensus of 0.6 by 0.5, coming in above expectations. This represents an increase 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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| Tuesday, May 5, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 22:45 | Participation Rate | 70.5 | 70.9 | 70.90 | Low | ||
| 22:45 | Employment Change QoQ | 0.5 | 0.3 | 0.45 | Medium | ||
| 22:45 | Labour Cost Index QoQ | 0.4 | 0.4 | 0.35 | Low | ||
| 22:45 | Labour Cost Index YoY | 2 | 1.8 | 1.80 | Low | ||
| 22:45 | Unemployment Rate | 5.4 | 5.4 | 5.45 | Medium | ||