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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
New ZealandNew Zealand NZIER QSBO Capacity Utilization climbed to 91.9% in December 2014
FMPMonthlyReleased January 2015
New Zealand NZIER QSBO Capacity Utilization climbed to 91.9% in December 2014, released January 2015, up 1.3% from November's 90.6% reading.
Latest Release
91.900000
Actual
—
Consensus
90.600000
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
NZIER QSBO Capacity Utilization (New Zealand) was reported at 91.9% in January 2015. The reading rose from the previous value of 90.6%.
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 January 2015.
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NZIER QSBO Capacity Utilization - NZ
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About NZIER QSBO Capacity Utilization — New Zealand
DEFINITION
The NZIER QSBO Capacity Utilization is a key financial indicator that measures the extent to which businesses in New Zealand are utilizing their available resources, such as labor, equipment, and facilities. It provides valuable insights into the overall health and efficiency of the economy, as well as the potential for future growth. This indicator is closely monitored by economists and policymakers as it can impact inflation, productivity, and overall economic performance.
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 (Oct 2014): actual 91.9 %.
WHAT'S NEXT
This indicator correlates most strongly with NZD/USD (Bullish NZD, r=0.55) — a useful reference for forex-focused traders.