US personal income rose 0.4% mom in September, in line with expectations, while personal spending increased 0.3%, a touch below the 0.4% consensus. The combination suggests consumer demand remains resilient but is moderating gradually. Inflation readings were broadly stable. Headline PCE rose 0.3% mom, keeping the annual rate at 2.8% yoy, slightly above August’s 2.7% […]
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New Zealand’s manufacturing sector continued to expand in February, with BusinessNZ Performance of Manufacturing Index edging slightly lower from 55.1 to 55.0. While the headline reading dipped marginally, the index remains comfortably above the 50 Read more…
Key insights from the week that was. The Westpac-MI Consumer Sentiment Index lifted modestly in March, up 1.2% to 91.6, still an outright pessimistic reading. The latest survey was in the field over the week Read more…