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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
New ZealandNew Zealand Westpac consumer survey fell to 110.8 in February 2013
FMPMonthlyReleased March 2013
New Zealand Westpac consumer survey fell to 110.8 in February 2013, released March 2013, down 0.3 from January's 111.1 reading.
Latest Release
110.800000
Actual
—
Consensus
111.100000
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
Westpac consumer survey (New Zealand) was reported at 110.80 in March 2013. The reading fell from the previous value of 111.10. This is classified as a medium-impact indicator released on a monthly basis.
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 March 2013.
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Westpac consumer survey - NZ
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About Westpac consumer survey — New Zealand
DEFINITION
The Westpac consumer survey is a widely recognized financial indicator that measures the sentiment and confidence of consumers in the Australian economy. It provides valuable insights into consumer spending patterns, future economic trends, and overall market conditions. This survey is conducted by Westpac, one of Australia's leading banks, and is considered a reliable source of information for businesses, investors, and policymakers. The results of the survey are closely monitored and can have a significant impact on financial markets and decision-making processes.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Mar 2013): actual 110.8.
WHAT'S NEXT
This indicator correlates most strongly with NZD/USD (Bullish NZD, r=0.55) — a useful reference for forex-focused traders.