Manufacturing PMI (BNZ-BusinessNZ Performance of Manufacturing Index )for September, expanded again to 55.4
- prior 55.1, revised from 55
An NZD positive result, though its often not too much of an immediate FX market mover
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- Now at its highest since February
- Production at its highest since December 2014
- Improvement in new orders
Comments from BNZ Senior Economist Doug Steel:
- Data very robust, especially sales and activity
- A positive for economic growth
- Some higher cost pressures appearing
