NZ: Manufacturing PMI increased to 53 - TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities note that New Zealand's manufacturing PMI increased to 53 from last month's 52.

Key Quotes

“Despite being a strong expansionary print, it is important to note that this month's increase was largely driven by a jump in the deliveries of raw materials. Deliveries was the only sub-index out of 5 that increased as a result.”

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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