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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
New ZealandNew Zealand PPI Output QoQ climbed to 1.6% in Q2 2026
FMPMonthlyReleased August 2026
New Zealand PPI Output QoQ climbed to 1.6% in Q2 2026, released August 2026, up 0.8% from March's 0.8% reading. The print came in hotter than the 0.8% consensus, a hotter print than forecasters anticipated. PPI Output QoQ has now risen for 3 consecutive months. PPI Output QoQ is now the highest in 12 months.
Latest Release
1.6
Actual
0.8
Consensus
0.8
Previous
Median Absolute Error
±0.45 percentage points
across last 12 releases
Last Call
Aug 2026
Predicted: 0.8
Actual: 1.6
Error: -0.8
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| NZD/USD | ▲ Direct | +0.55 | FOREX | Moves with | → View |
| NZD/JPY | ▲ Direct | +0.45 | FOREX | Moves with | → View |
| AUD/NZD | ▼ Inverse | −0.40 | FOREX | Moves against | → View |
| EUR/NZD | ▼ Inverse | −0.35 | FOREX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
PPI Output QoQ (New Zealand) was reported at 1.6% in August 2026. This beat the market consensus of 0.8% by 0.8%. The reading rose from the previous value of 0.8%. Trailing 12-month context per ETL data through August 2026.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 0.83%, down from the prior three at 1.1%. In August readings over the past 3 years, PPI Output QoQ has averaged 1.1%.
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). Over the last 12 releases, the Sigmacast model's median absolute error is 0.45%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Current Account (Sep 15) and Current Account (Sep 15).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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PPI Output QoQ - NZ
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About PPI Output QoQ — New Zealand
DEFINITION
PPI Output QoQ (Quarter-over-Quarter) is a financial indicator that measures the change in the prices received by domestic producers for their goods and services over a three-month period. It is a key measure of inflation and provides insight into the overall health of the economy. This indicator is closely monitored by investors, policymakers, and businesses to make informed decisions about pricing, production, and economic trends.
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. 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 (Apr 2026): actual 1.6 %, consensus 0.8 %. Prior reading (Jan 2026): 0.8 %. Before that (Oct 2025): 0.1 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with NZD/USD (Bullish NZD, r=0.55) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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Economic Calendar - NZ Events
| Monday, September 14, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 22:45 | NZ | Electronic Retail Card Spending YoY | 0.2 | 3.4 | 3 | 1.60 | Low |
| 22:45 | NZ | Electronic Retail Card Spending MoM | -0.9 | 1.2 | -0.7 | -0.80 | Low |
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 02:35 | NZ | 3-Month Bill Auction | 2.902 | 2.878 | 2.809 | 2.86 | Low |
| 21:00 | NZ | Westpac Consumer Confidence | 80.4 | 82.3 | 76.05 | Low | |
| 22:45 | NZ | Current Account | -1.01 | -2.65 | -2.64 | Medium | |
| 22:45 | NZ | Current Account | -1.01 | -7.5 | -7.49 | Medium | |
| Wednesday, September 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 22:45 | NZ | GDP Growth Rate YoY | 1.5 | 2.3 | 2.50 | Medium | |
| 22:45 | NZ | GDP Growth Rate QoQ | 0.8 | 0.1 | 0.05 | Medium | |