Manufacturing sector drops to lowest level of activity since last November
The manufacturing sector contracted for the fourth month in a row in June to its lowest level of activity since last November
Source: rnz.co.nz
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Liam Dann: Reserve Bank to watch and wait until homeowners feel full pain of refixing
RBNZ's tone suggests no respite for mortgage holders.
Source: nzherald.co.nz
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NZ dollar rallies sharply after soft US inflation data
The New Zealand dollar rallied by more than one US cent after soft US inflation data.
Source: nzherald.co.nz
NZ BNZ services jumped back to 53.3, economy still on a broader slowing trajectory
New Zealand's BusinessNZ Performance of Services Index climbed from 50.1 in April to 53.3 in May, revealing a slight uptick in the services sector. However, it's worth noting that this figure remains marginally under long-term average of 53.6. A closer look at the numbers shows activity/sales leaping from 45.4 to 52.0, employment increasing from 50.5 to 52.6, and new orders/business ascending from 50.1 to 55.4. Stocks inventories slightly declined from 57.1 to 56.8, while supplier deliveries edged up from 50.6 to 51.1.
Source: actionforex.com
Demand and sales bouncing back from recession already - report
New orders and sales activity rebounded, although they remained below their long-term average.
Source: rnz.co.nz