New Zealand Labor Cost Index y/y

Country:
New Zealand
NZD, New Zealand dollar
Sector:
Labor
Low 3.9% 3.6%
4.1%
Last release Importance Actual Forecast
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Labor Cost Index y/y indicates changes in the labor costs paid by employers during the given quarter compared to the same quarter of the previous year. It is calculated as the ratio of a single employee labor cost to labor productivity (defined as GDP per one employed person). The indicator allows evaluating inflation and forecasting the growth in consumer spending.

Last values:

actual data

forecast

The chart of the entire available history of the "New Zealand Labor Cost Index y/y" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
4 Q 2023
3.9%
3.6%
4.1%
3 Q 2023
4.1%
3.7%
4.3%
2 Q 2023
4.3%
4.3%
4.5%
1 Q 2023
4.5%
4.9%
4.3%
4 Q 2022
4.3%
4.4%
3.8%
3 Q 2022
3.8%
3.6%
3.4%
2 Q 2022
3.4%
2.7%
3.1%
1 Q 2022
3.1%
2.4%
2.8%
4 Q 2021
2.8%
2.6%
2.5%
3 Q 2021
2.5%
2.7%
2.2%
2 Q 2021
2.2%
2.1%
1.6%
1 Q 2021
1.6%
1.7%
1.5%
4 Q 2020
1.5%
1.8%
1.6%
3 Q 2020
1.6%
2.1%
1.8%
2 Q 2020
1.8%
2.6%
2.4%
1 Q 2020
2.4%
2.5%
2.4%
4 Q 2019
2.4%
2.2%
2.3%
3 Q 2019
2.3%
2.0%
2.2%
2 Q 2019
2.2%
1.8%
2.0%
1 Q 2019
2.0%
1.9%
2.0%
4 Q 2018
2.0%
1.8%
1.9%
3 Q 2018
1.9%
1.6%
2.1%
2 Q 2018
2.1%
1.9%
1 Q 2018
1.9%
1.9%
4 Q 2017
1.9%
1.9%
3 Q 2017
1.9%
1.6%
2 Q 2017
1.6%
1.5%
1 Q 2017
1.5%
1.6%
4 Q 2016
1.6%
1.6%
3 Q 2016
1.6%
1.6%
2 Q 2016
1.6%
1.8%
1 Q 2016
1.8%
1.6%
4 Q 2015
1.6%
1.7%
3 Q 2015
1.7%
1.8%
2 Q 2015
1.8%
1.8%
1 Q 2015
1.8%
1.8%
4 Q 2014
1.8%
1.9%
3 Q 2014
1.9%
1.8%
2 Q 2014
1.8%
1.6%
1 Q 2014
1.6%
1.7%
4 Q 2013
1.7%
1.6%
3 Q 2013
1.6%
1.7%
2 Q 2013
1.7%
1.8%
1 Q 2013
1.8%
1.9%
4 Q 2012
1.9%
2.1%
3 Q 2012
2.1%
2.1%
2 Q 2012
2.1%
2.1%
1 Q 2012
2.1%
2.0%
4 Q 2011
2.0%
2.0%
3 Q 2011
2.0%
2.1%

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