Business NZ Manufacturing PMI (April) 48.9 vs. prior 47.1 ...Middle East

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Business NZ Manufacturing PMI (April) 48.9 vs. prior 47.1
New Zealand's manufacturing sector has been in contraction for 14 consecutive months.BusinessNZ comment:An overall lack of sales and orders was the dominant theme in comments, along with a struggling economy BNZ comment:PMI this year to date is consistent with manufacturing GDP trailing year earlier levelsthe details were a bit more mixed in April, rather than uniformly weak as has been the case over recent monthsNZD/USD is little changed on the data. The data point is not an immediate NZ dollar mover generally. This article was written by Eamonn Sheridan at www.forexlive.com.

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