Labor Cost Index y/y - economic index from New Zealand

Economic Calendar

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	Low	3.4%	3.4%	3.6%
Last release	Importance	Actual	Forecast	Previous

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

3 Q 2024

3.4%

3.6%

2 Q 2024

3.9%

3.8%

1 Q 2024

3.8%

3.9%

4 Q 2023

3.6%

4.1%

3 Q 2023

3.7%

4.3%

2 Q 2023

4.3%

4.5%

1 Q 2023

4.9%

4.3%

4 Q 2022

4.4%

3.8%

3 Q 2022

3.6%

3.4%

2 Q 2022

2.7%

3.1%

1 Q 2022

2.4%

2.8%

4 Q 2021

2.6%

2.5%

3 Q 2021

2.7%

2.2%

2 Q 2021

2.1%

1.6%

1 Q 2021

1.7%

1.5%

4 Q 2020

1.8%

1.6%

3 Q 2020

2.1%

1.8%

2 Q 2020

2.6%

2.4%

1 Q 2020

2.5%

2.4%

4 Q 2019

2.2%

2.3%

3 Q 2019

2.0%

2.2%

2 Q 2019

1.8%

2.0%

1 Q 2019

1.9%

2.0%

4 Q 2018

1.8%

1.9%

3 Q 2018

1.6%

2.1%

2 Q 2018

1.9%

1 Q 2018

1.9%

4 Q 2017

1.9%

3 Q 2017

1.6%

2 Q 2017

1.5%

1 Q 2017

1.6%

4 Q 2016

1.6%

3 Q 2016

1.6%

2 Q 2016

1.8%

1 Q 2016

1.6%

4 Q 2015

1.7%

3 Q 2015

1.8%

2 Q 2015

1.8%

1 Q 2015

1.8%

4 Q 2014

1.9%

3 Q 2014

1.8%

2 Q 2014

1.6%

1 Q 2014

1.7%

4 Q 2013

1.6%

3 Q 2013

1.7%

2 Q 2013

1.8%

1 Q 2013

1.9%

4 Q 2012

2.1%

3 Q 2012

2.1%

2 Q 2012

2.1%

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