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Data from Financial Modeling Prep. Forecasts by Sigmanomics Forecast Engine.
New ZealandPPI Output climbed to 1.1 in August 2024
Financial Modeling PrepMonthlyReleased August 2024
PPI Output climbed to 1.1 in August 2024, up 0.2 from July's 0.9 reading. The print came in hotter than the 0.6 consensus, a hotter print than forecasters anticipated. PPI Output has now risen for 3 consecutive months. PPI Output is now the highest in 18 months.
Latest Release
1.1
Actual
0.6
Consensus
0.9
Previous
The August 2024 reading rose 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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PPI Output - NZ
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