New Zealand Visitor Arrivals YoY

Info

History

Chart

Impact:

Low

Source: Statistics New Zealand

Next Release:

Date:

Forecast: 15.8%

Period: May

What Does It Measure?

The New Zealand Visitor Arrivals YoY (Year-over-Year) measures the total number of international visitors arriving in New Zealand over a year, providing insight into trends in tourism and travel demand. It assesses key areas such as economic activity related to tourism, consumer spending patterns, and employment levels within the hospitality sector.

Frequency

This report is released monthly and typically includes both preliminary estimates and revisions, with publication usually occurring on the first week of the following month.

Why Do Traders Care?

Traders and investors closely monitor visitor arrivals as it signals consumer sentiment and economic health, impacting currency value and stock prices in tourism-related sectors. A higher-than-expected number of arrivals can suggest robust economic performance, potentially leading to a stronger New Zealand Dollar (NZD) and positive sentiment in the stock market, particularly in hospitality and travel stocks.

What Is It Derived From?

Visitor arrivals data is derived from immigration records that capture the number of international travelers entering New Zealand, categorized by nationality and purpose of visit. This dataset is generated through thorough reporting and verification processes at border control points.

Description

Preliminary reports are generated based on early arrival data, which may be subject to revision as more comprehensive data becomes available. The final figures provide an accurate and complete representation of tourism trends, often prompting market adjustments once released. The Year-over-Year (YoY) comparison is utilized to highlight long-term trends and structural changes in the tourism sector, effectively mitigating seasonal variations.

Additional Notes

The Visitor Arrivals YoY serves as a leading indicator for the economic health of New Zealand, typically correlating with broader economic trends such as GDP growth and consumer spending. Its importance is magnified in global economic contexts, particularly as countries navigate recovery from disruptions like pandemics, which significantly affect travel.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for NZD, Bullish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Time	Actual	Forecast	Previous	Surprise