NZ: Weakness in manufacturing PMI – TD Securities

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities point out that New Zealand’s July Manufacturing PMI fell to 48.2 from 51.3 in June.

Key Quotes

“The employment measure fell by 4.6 points, the lowest levels since Aug 2016 and the new orders measure and the finished stocks measure fell by 3.5 points and 4.1 points respectively. Deliveries inched up 0.3%.”

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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