Forex Fundamentals
New Zealand GDP Growth Rate

New Zealand GDP Growth Rate 15 March 2017

New Zealand GDP Growth Rate 15 March 2017: 0.4% for Q4 2016, below the 0.7% forecast and against 0.8% in Q3 2016 (first reported as 1.1%). It is the lowest reading since Q2 2015. 4 of the last 9 releases came in below the forecast. It was released on Wed 15 Mar 2017 at 21:45 UTC.

These figures were verified on 4 Oct 2026 from the source: Statistics New Zealand. This page reports the release as published: the figures, the consensus forecast and what a print like it usually does to the currency.

Actual
0.4%
Q4 2016
Forecast
0.7%
The market consensus
Previous
0.8%
As the source gives it

What a print like this usually does

Below the forecast: A downside surprise, especially a contraction, usually weakens the NZD as expectations shift toward RBNZ easing.

New Zealand GDP Growth Rate 15 March 2017: 0.4% for Q4 2016 against a 0.7% forecast, with the last 9 releases
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Cite this release

If you cite this release, please link to this page:

New Zealand GDP Growth Rate 15 March 2017: 0.4% vs 0.7% forecast (Statistics New Zealand). Forex Fundamentals, https://forexfundamentals.com/economic-calendar/nz-gdp/2017-03-15

The last 9 releases · times in UTC
ReleasedForActualForecastPrevious
15 Mar 2017Q40.4%0.7%0.8%
21 Dec 2016Q31.1%0.9%0.7%
14 Sep 2016Q20.9%1.1%0.9%
15 Jun 2016Q10.7%0.5%0.9%
16 Mar 2016Q40.9%0.6%0.9%
16 Dec 2015Q30.9%0.8%0.3%
16 Sep 2015Q20.4%0.5%0.2%
17 Jun 2015Q10.2%0.6%0.8%
18 Mar 2015Q40.8%0.7%0.9%(R)
The release before:New Zealand GDP Growth Rate 21 December 2016The release after:New Zealand GDP Growth Rate 14 June 2017New Zealand GDP Growth Rate: every recent resultThis week’s economic calendar