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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
New ZealandNew Zealand NZIER Business Confidence QoQ climbed to 23.0 in Q1 2013
FMPMonthlyReleased April 2013
New Zealand NZIER Business Confidence QoQ climbed to 23.0 in Q1 2013, released April 2013, up 3.0 from February's 20.0 reading.
Latest Release
23.000000
Actual
—
Consensus
20.000000
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
NZIER Business Confidence QoQ (New Zealand) was reported at 23.00 in April 2013. The reading rose from the previous value of 20.00. This is classified as a medium-impact indicator released on a monthly basis.
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 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 April 2013.
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NZIER Business Confidence QoQ - NZ
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About NZIER Business Confidence QoQ — New Zealand
DEFINITION
The NZIER Business Confidence QoQ is a key financial indicator that measures the quarterly changes in business sentiment in New Zealand. It is based on a survey of business leaders and provides valuable insights into the overall health and outlook of the country's economy. This indicator is closely monitored by investors, policymakers, and analysts as it can impact investment decisions and economic policies. A positive reading indicates a favorable business environment, while a negative reading may signal potential challenges for the economy.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2013): actual 23.
WHAT'S NEXT
This indicator correlates most strongly with NZD/USD (Bullish NZD, r=0.55) — a useful reference for forex-focused traders.