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

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New Zealand July Manufacturing PMI 44.0 (prior 41.1)
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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