New Zealand Average Weekly Earnings / Wages: 1.6% (Q1 2021)
New Zealand Average Weekly Earnings / Wages came in at 1.6 on May 5, 2021, compared with 1.6 previously. See the full release history, chart, Reserve Bank of New Zealand context, and API access for this series.
- Actual
- 1.6
- Previous
- 1.6
- Forecast
- --
- Next release
- Nov 4, 2026
Q1 2021
Release alerts
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New Zealand Average Weekly Earnings / Wages release chart
Readings leading into this release, with this print highlighted. Hover or tap a point for its value.
New Zealand Average Weekly Earnings / Wages release analysis
What the release showed
New Zealand Average Weekly Earnings / Wages came in at 1.6 in the release of May 5, 2021, unchanged from 1.6.
Why Average Weekly Earnings / Wages matters for NZD
Wages are the largest cost component for service-sector businesses. Strong wage growth means higher disposable income (supporting demand) but also higher input costs that are typically passed on as price inflation.
How to read it
Accelerating wages above a level consistent with the Reserve Bank of New Zealand's inflation target are nzd-supportive because they reinforce a hawkish policy stance. Decelerating wages open the door to rate cuts.
What to watch next
The next New Zealand Average Weekly Earnings / Wages release is due on Nov 4, 2026.
- Year-over-year vs month-over-month tradeoff
- Composition effects when low-wage sectors expand or shrink
- Real wage growth turning positive after a CPI peak
- Negotiated / collectively-bargained wages (eurozone)
Get New Zealand Average Weekly Earnings / Wages data as soon as it is published
This page shows the most recent releases. The API serves the full New Zealand Average Weekly Earnings / Wages history and every other series we cover, with each row stamped with the time the official source published it.
- Full release history with actual, previous and reference period on every row.
- Publication timestamps on each announcement, so backtests only use data that was public at the time.
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Start Free Trial Read the API referenceGET https://api.fxmacrodata.com/v1/announcements/nzd/wages
import requests
resp = requests.get(
"https://api.fxmacrodata.com/v1/announcements/nzd/wages",
headers={"X-API-Key": "YOUR_API_KEY"},
timeout=30,
)
rows = resp.json()["data"]
print(rows[-1])Match this release by announcement_id nzd_wages_2021-03-31. Forecasts for the same release: /v1/predictions/nzd/wages.
Release data snapshot
Citation fields for this announcement.
| Public release ID | nzd_wages_2021-05-04 |
|---|---|
| API announcement ID | nzd_wages_2021-03-31 |
| Release time |
2021-05-04 22:45 UTC
|
| Reference period date | 2021-03-31 |
| Actual value | 1.6 |
| Previous value | 1.6 |
| Forecast | -- |
| Surprise | -- |
More New Zealand Average Weekly Earnings / Wages releases
Move through adjacent announcement records for the same series.
Related New Zealand indicators
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Common questions about this release
The value, its publication time, the next scheduled date, and the official publisher for New Zealand Average Weekly Earnings / Wages.
What did New Zealand Average Weekly Earnings / Wages come in at, and how did it compare with the forecast and the previous reading?
New Zealand Average Weekly Earnings / Wages was 1.6% year on year in Q1 2021. The previous reading was 1.6%.
When was this New Zealand Average Weekly Earnings / Wages release published?
This release was published on May 5, 2021 at 10:45 Pacific/Auckland.
When is the next New Zealand Average Weekly Earnings / Wages release?
The next New Zealand Average Weekly Earnings / Wages release is scheduled for Nov 4, 2026.
What is the official source for New Zealand Average Weekly Earnings / Wages?
Stats NZ publishes the official Average Weekly Earnings / Wages series. FXMacroData stores every release with its announcement timestamp and serves it from the announcements endpoint for this series. Stats NZ official release.
Raw announcement payload
Field names are preserved for traceability and downstream testing.
{
"announcement_datetime": 1620168300,
"announcement_id": "nzd_wages_2021-03-31",
"announcement_source_url": "https://www.stats.govt.nz/information-releases/labour-market-statistics-march-2021-quarter/",
"date": "2021-03-31",
"previous_value": 1.6,
"publication_time_precision": "unknown",
"publication_time_status": "confirmed",
"revisions": [
{
"announcement_source_url": "https://www.stats.govt.nz/information-releases/labour-market-statistics-march-2021-quarter/",
"epoch": 1620168300,
"publication_time_precision": "unknown",
"publication_time_status": "confirmed",
"val": 1.6
}
],
"val": 1.6
}