New Zealand July Manufacturing PMI 44.0 (prior 41.1) ...Middle East

Business NZ Manufacturing PMI for July 2024 records its 17th consecutive month of contraction.some small signs of improvementstill significantly below its long-term average of 52.6BusinessNZ’s Director, Advocacy Catherine Beard:sector continuing to struggleeBNZ’s Senior Economist Doug Steel:manufacturing activity will turn when the broader economy turnsEasing monetary conditions will help in this regard, but it will take time for the likes of a lower OCR to generate a general pick up in sales This article was written by Eamonn Sheridan at www.forexlive.com.

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