NZ: Manufacturing PMI in September unchanged – TD Securities

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities note that New Zealand’s Manufacturing PMI in September remained unchanged in August - at 48.4.

Key Quotes

“3 of the 5 sub-indices fell further under 50, with production dropping 3 points to 46.2, deliveries dropping 1.5 points to 46.4 and finished stocks dropping 4 points to 48.8. One positive sign was new orders which rose 4.2 points to 50.1 from 45.9 in August.”

“Card spending in September rose 0.6% as compared to a 1.3% rise in August. Retail card spending rose 0.4% m/m beating market estimates of a 0.2% rise.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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