New Zealand BNZ Manufacturing PMI Eases to 54.9, but Broad-Based Expansion Continues

New Zealand’s BNZ–BusinessNZ PMI Manufacturing eased from 56.3 to 54.9 in October, indicating a moderation in the pace of expansion while manufacturing activity continued to grow. Production declined from 56.6 to 53.9, while new orders fell from 56.8 to 54.3, pointing to slower output growth and softer demand momentum. Nevertheless, all five main PMI components […]

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