“While the key sub-index components of New Orders and Production improved slightly from July, the trend since March has seen them all but entrenched in contraction. Any movement towards overall expansion in the sector needs to see a sustained lift above 50.0 for both of these key PMI components. Again, only FinishedMarket reaction
The above economic data fails to move the needle around the New Zealand Dollar. NZD/USD is trading at 0.5911, unchanged on the day. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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