New Zealand Boxing Day

Info

History

Chart

Impact:

Low

Next Release:

Forecast:

Period: Dec 2016

What Does It Measure?

New Zealand's Boxing Day is a public holiday taking place the day after Christmas, primarily measuring consumer spending behaviors and retail sector performance as people engage in post-Christmas shopping and sales. This event focuses particularly on retail sales volume and consumer sentiment, contributing to a broader understanding of economic activity during the holiday season.

Frequency

Boxing Day occurs annually on December 26th, and while there are no official economic reports specifically tied to this day, data on retail sales during this period are typically compiled and released shortly after the holiday season, contributing to year-end economic analyses.

Why Do Traders Care?

Traders monitor Boxing Day as it can significantly impact retail sales figures, reflecting consumer confidence and spending patterns that influence broader economic health. Strong sales figures on this day are generally bullish for currencies and stocks in the retail sector, while weaker results may dampen market sentiment, particularly for businesses reliant on holiday sales.

What Is It Derived From?

Retail sales metrics around Boxing Day are derived from point-of-sale data collected by retailers across New Zealand, encompassing sales across various sectors. The data includes information on the volume of transactions, dollar amounts spent, and comparisons to previous time periods, thereby providing insights into consumer behavior during the holiday shopping season.

Description

Preliminary reports on Boxing Day sales typically emerge soon after the holiday, reflecting early estimates of consumer spending, while final figures are adjusted based on comprehensive data collection spanning multiple retailers. The emphasis is on year-over-year comparisons to assess growth patterns and to account for seasonal variations, with traders interpreting strong consumer spending as a positive economic signal.

Additional Notes

Boxing Day is considered a coincident economic indicator, as it provides real-time insights into consumer spending that correlate with overall economic health. This event relates to broader retail trends and can indicate consumer confidence levels, which have implications for economic performance both regionally and globally.

Bullish or Bearish for Currency and Stocks

If post-Boxing Day retail sales figures are higher than expected, it may be classified as bullish for the New Zealand Dollar and bullish for stocks in the consumer sector. Conversely, lower-than-expected sales results would be bearish for the currency and bearish for related equities, suggesting weaker consumer demand and potential economic concerns.

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