NZ: Q2 manufacturing fell -1.2% - TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities note that New Zealand’s Q2 manufacturing fell -1.2%, which is going to be the final input into GDP (released 20 Sep).

Key Quotes

“After offsetting the weaker Q2 manufacturing input by last week's stronger wholesale sales (+2.6%), we stick with +0.8%/q for Q2 GDP (released Sep 20).”

“The lower manufacturing outcome might trim the more aggressive f/cs out there.”

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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