Breaking News

New Zealand Labor Cost Index QoQ

Latest Release

Jan 31, 2023

Actual

1.1%

Forecast

1.2%

1.1%

The Labour Cost Index measures the change in the amount of money paid by businesses for labour, excluding overtime. Wage increases without corresponding productivity gains can be inflationary.

A reading that is stronger than forecast is generally supportive (bullish) for the NZD, while a weaker than forecast reading is generally negative (bearish) for the NZD.

Importance:

Country:

Currency: NZD

Source: Statistics New Zealand

Release Date	Time	Actual	Forecast	Previous
Jan 31, 2023 (Q4)	21:45	1.1%	1.2%	1.1%
Nov 01, 2022 (Q3)	21:45	1.1%	1.1%	1.3%
Aug 02, 2022 (Q2)	22:45	1.3%	1.1%	0.7%
May 03, 2022 (Q1)	22:45	0.7%	0.7%	0.7%
Feb 01, 2022 (Q4)	21:45	0.7%	0.9%	0.7%
Nov 02, 2021 (Q3)	21:45	0.7%	0.8%	0.9%

News

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Investing.com - New Zealand’s labor cost index remained unchanged unexpectedly in the last quarter, official data showed on Tuesday.In a report, Statistics New Zealand said that N.Z. labor cost...

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