The services sector in New Zealand is the most important sector of the economy, accounting for 75% of the country's overall GDP. Within services, the most important segments are: finance, insurance, and business services (accounting for 30%), personal and community services (accounting for 13%), and transportation and communication (accounting for 11%). The industry sector accounts for 17% of GDP. The components of the industry sector are manufacturing (accounting for 13%), and construction (accounting for 4%). Agriculture, fishing, forestry, and mining account for the remaining 8% of total GDP.
A higher than expected figure should be seen as positive (bullish) for the NZD while a lower than expected figure should be seen as negative (bearish) for the NZD.
Source:
Statistics New Zealand
Category:
GDP Annual Growth Rate
Units:
Percent
Details
Impact
Medium
Country
Currency
NZD
Latest Release
Previous
2.9%
Consensus
16.3%
Actual
17.4%
Next Release
Date
Dec 18, 19:45
Time left
88 days
Forex Sentiment (NZD)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| AUDNZD |
|
|
1.0335 -11 pips |
1.0478 -132 pips |
1.03455 | |
| EURNZD |
|
|
1.6668 -37 pips |
1.6840 -135 pips |
1.67046 | |
| NZDCAD |
|
|
0.8905 -70 pips |
0.8994 -19 pips |
0.89753 | |
| NZDJPY |
|
|
75.5947 -135 pips |
77.6170 -68 pips |
76.941 | |
| NZDUSD |
|
|
0.6862 -160 pips |
0.7074 -52 pips |
0.70221 | |
| GBPNZD |
|
|
1.9378 -83 pips |
1.9674 -213 pips |
1.94611 | |
| NZDCHF |
|
|
0.6427 -86 pips |
0.6563 -50 pips |
0.65129 |
