NZ: PMI increased to 55.1 in Dec - TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities note that New Zealand’s, Dec PMI increased to 55.1 from 53.7 in Nov, largely driven by gains in production +3.8, finished stocks +3.3 and deliveries +5.5.

Key Quotes

“It was an 8m high and above the long-term average of 53.4. NZGBs held offshore declined further from 56.2% to 54.6% in Dec, ending 2018 at the lowest ratio since mid-2004.”

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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