New Zealand Manufacturing PMI Sinks To 45.8 In October - BusinessNZ

RTTNews | 14h 10min ago
Stocktwits
New Zealand Manufacturing PMI Sinks To 45.8 In October - BusinessNZ

(RTTNews) - The manufacturing sector in New Zealand continued to contract in October, and at a faster pace, the latest survey from BusinessNZ revealed on Friday with a manufacturing PMI score of 45.8.

That's down from the upwardly revised 47/0 in September (originally 46.9) and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.

Among the individual components, production (44.5), employment (45.8), new orders (49.0), finished stocks (47.4) and deliveries (44.6) all were in contraction.

"Despite lower interest rates, the manufacturing sector continues to face significant headwinds. Recent business surveys have shown a sharp contrast between improved expectations for activity and weak current conditions," said BNZ Senior Economist Doug Steel.

Tags: NZD
Stocktwits
read more
New Zealand Jobless Rate 4.8% In Q3

New Zealand Jobless Rate 4.8% In Q3

New Zealand posted a seasonally adjusted unemployment rate of 4.8 percent in the third quarter of 2024, Statistics New Zealand said on Wednesday.
RTTNews | 9 days ago
New Zealand Building Permits Rise 2.6% In September

New Zealand Building Permits Rise 2.6% In September

The total number of building permits issued in New Zealand was up a seasonally adjusted 2.6 percent on month in September, Statistics New Zealand said on Friday - after slumping 5.2 percent in August.
RTTNews | 14 days ago
New Zealand Inflation Slows To 2.2% Annually

New Zealand Inflation Slows To 2.2% Annually

Consumer prices in New Zealand were up 2.2 percent on year in the third quarter of 2024, Statistics New Zealand said on Wednesday in line with expectations and down from 3.3 percent in the previous three months.
RTTNews | 30 days ago
New Zealand Central Bank Cuts Key Rate By 50 Bps

New Zealand Central Bank Cuts Key Rate By 50 Bps

The Reserve Bank of New Zealand slashed its benchmark rate by 50 basis points on Wednesday, as inflation is converging to the target midpoint, while economic growth is expected to remain subdued in the near term. The Monetary Policy Committee led by Governor Adrian Orr, decided to reduce the Official Cash Rate to 4.75 percent from 5.25 percent. The outcome of the meeting matched expectations.
RTTNews | 37 days ago
New Zealand Building Permits Sink 5.3% In August

New Zealand Building Permits Sink 5.3% In August

The total number of building permits issued in New Zealand was down a seasonally adjusted 5.3 percent on month in August, Statistics New Zealand said on Tuesday - coming in at 2,881 consents.
RTTNews | 45 days ago
Tools
Economic Calendar
Market Hours
Interest Rates
Holidays Calendar
Forex Market
Forex Volatility
Forex Correlation
Forex News
forex analysis
COT Data
Liquidity
Forex Calculators
Forex Heat Map
Indicators Heatmap
Community
Community
Systems
Most Popular Systems
Strategies
Contests
Forex Charts
Forex Sentiment
Sentiment Indicator
Reviews
Brokers
Prop Trading Firms
VPS Services
Signal Providers
EA Programming Services
Affiliate Programs
PAMM Broker Services
Rebate Program Services
Trading Platforms
Expert Advisors
Crypto Exchanges
Trading Courses
Brokers
Forex Spreads
Forex Broker Quotes
Forex Broker Swaps
Forex Broker Volume
Forex Broker Promotions Broker News
Platform
Widgets
Features
API
RSS
Stock Portfolio
Affiliate Software
Advanced Charts
Support
FAQ
Help
Contact Us
Report a Bug!
About
Blog
© 2024 Myfxbook Ltd. All Rights Reserved.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.