New Zealand’s labor market delivered a stronger-than-expected employment report for the second quarter, reinforcing the case for further RBNZ tightening even as the unemployment rate rose. Employment increased 0.5% qoq, comfortably beating expectations of 0.1%, while the Labour Cost Index accelerated to 0.7% qoq from 0.5%. The unemployment rate climbed to 5.6% from 5.3%, above […]
The post New Zealand Jobs Surprise: Strong Hiring Outweighs Rise in Unemployment appeared first on ActionForex.
Japan’s wage growth remained robust in June, reinforcing the Bank of Japan’s case for continued policy normalization. Real wages rose 1.6% y/y, matching May’s upwardly revised gain and marking a sixth consecutive monthly increase, the Read more…
China’s services sector remained in expansion in July, but growth slowed sharply as domestic demand weakened. The RatingDog China General Services PMI fell from 54.1 in June to 50.4, its lowest reading since September 2024, Read more…
Japan’s services sector continued to expand in July, but the pace of growth slowed as demand softened from earlier in the year. The S&P Global Japan Services PMI fell to 51.2 from 52.2 in June, Read more…