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New Zealand GDP Growth Rate YoY
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.
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 |
|
|
1.0839 -50 pips |
1.0905 -16 pips |
1.08889 | |
| EURNZD |
|
|
1.8907 -617 pips |
1.9481 +43 pips |
1.95236 | |
| NZDCAD |
|
|
0.8122 -82 pips |
0.8275 -71 pips |
0.82036 | |
| NZDJPY |
|
|
86.7255 -119 pips |
89.2172 -130 pips |
87.913 | |
| NZDUSD |
|
|
0.5903 -90 pips |
0.6070 -77 pips |
0.59930 | |
| GBPNZD |
|
|
2.2175 -486 pips |
2.1305 +1356 pips |
2.26612 | |
| NZDCHF |
|
|
0.4924 +151 pips |
0.5025 -252 pips |
0.47731 |
News (NZD)
New Zealand Holds Key Rate As Expected
The Reserve Bank of New Zealand left its benchmark interest rate unchanged on Wednesday citing elevated level of uncertainty and near-term risks to inflation. The Monetary Policy Committee, governed by Christian Hawkesby, decided to hold the Official Cash Rate at 3.25 percent. The bank has paused the easing cycle for the first time since it started cutting rates in August 2024.
RTTNews | 4h 55min ago
New Zealand Building Permits Jump 10%In May
The number of building permits issued in New Zealand was up a seasonally adjusted 10 percent on month in June, Statistics New Zealand said on Tuesday - coming in at 3,151.
RTTNews | 8 days ago
New Zealand GDP Expands 0.8% In Q1
New Zealand's gross domestic product expanded by a seasonally adjusted 0.8 percent on quarter in the first quarter of 2025, Statistics New Zealand said on Thursday.
RTTNews | 20 days ago
