Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
New ZealandNew Zealand Producer Price Index QoQ climbed to 1.4% in Q1 2026
FMPMonthlyReleased May 2026
New Zealand Producer Price Index QoQ climbed to 1.4% in Q1 2026, released May 2026, up 1.9% from December's -0.5% reading. The print exceeded the 0.8% consensus by 0.6%. The print is running well above the 12-month average of 0.73%. Producer Price Index QoQ is now the highest in 6 months.
Latest Release
1.4
Actual
0.8
Consensus
-0.5
Previous
Median Absolute Error
±1.55 percentage points
across last 4 releases
Last Call
May 2026
Predicted: 0.8
Actual: 1.4
Error: -0.6
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
Producer Price Index QoQ (New Zealand) was reported at 1.4% in May 2026. This beat the market consensus of 0.8% by 0.6%. The reading rose from the previous value of -0.5%. Trailing 12-month context per ETL data through May 2026.
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 Current Account (Jun 16) and GDP Growth Rate QoQ (Jun 17).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
SHARE
Producer Price Index QoQ - NZ
Loading chart data...
About Producer Price Index QoQ — New Zealand
DEFINITION
The Producer Price Index QoQ (Quarter over Quarter) is a key economic indicator that measures the average change in prices received by domestic producers for their goods and services over a specific quarter. It provides valuable insights into inflationary pressures and the overall health of the economy, as well as serving as a leading indicator for future consumer price trends. This index is closely monitored by businesses, policymakers, and investors to make informed decisions and assess the current state of the economy.
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 (Jan 2026): actual 1.4 %, consensus 0.8 %. Prior reading (Oct 2025): -0.5 %. Before that (Jul 2025): 0.2 %.
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.