Page 13 - Craig Ebert News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Soaring food prices expected to keep annual inflation at 7.2% in the March consumer price index data release this Thursday

The manufacturing sector in New Zealand slipped into contraction territory in March, the latest survey from BusinessNZ revealed on Friday with a seasonally adjusted Performance of Manufacturing Index score of 48.

New Zealand's BusinessNZ Performance of Manufacturing Index fell from 51.7 in February to 48.1 in March, slipping back into negative territory after briefly reaching positive levels in January and February. The decline in the index signals challenges for the manufacturing sector.

As disinflation process in the US picks up steam, Dollar continues its relentless descent, fueling the belief that Fed's tightening cycle is close to its curtain call. This evolving sentiment has not only lifted US stocks overnight but also spilled over into Asian session, painting a positive picture for the markets. Despite its recent woes, the greenback is not this week's weakest performer; that dubious honor goes to Yen, bogged down by unwavering dovish stance of the new BoJ Governor. Meanwhile, Swiss Franc basks in the limelight as the strongest contender, trailed by Aussie, Euro...

Production has slumped to its lowest level since the last nationwide Covid-19 lockdown.