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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
New ZealandNew Zealand Visitor Arrivals climbed to 8.5% in February 2013
FMPMonthlyReleased March 2013
New Zealand Visitor Arrivals climbed to 8.5% in February 2013, released March 2013, up 11.0% from January's -2.5% reading.
Latest Release
8.500000
Actual
—
Consensus
-2.500000
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
Visitor Arrivals (New Zealand) was reported at 8.5% in March 2013. The reading rose from the previous value of -2.5%.
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 RBNZ Interest Rate Decision (May 27) and Monetary Policy Statement (May 27).
Auto-generated from current model state · Refreshes on each release · Last update March 2013.
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Visitor Arrivals - NZ
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About Visitor Arrivals — New Zealand
DEFINITION
Visitor Arrivals is a financial indicator that measures the number of international visitors entering a country over a specific period of time. This data is used to track the performance of the tourism industry and can provide valuable insights into the overall economic health of a country. It is an important metric for businesses and policymakers to understand the impact of tourism on a country's economy and to make informed decisions regarding marketing strategies and resource allocation.
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 (Mar 2013): actual 8.5 %.
WHAT'S NEXT
This indicator correlates most strongly with NZD/USD (Bullish NZD, r=0.55) — a useful reference for forex-focused traders.