New Zealand manufacturing PMI strong – recap

  • Business NZ manufacturing PMI for July: 59.5 (vs. 55.2 prior – the prior result was revised up from 54.7)
  • Compared with previous July results, the 2013 value was the highest since the survey began in 2002, and the third highest monthly result on record
  • All five seasonally adjusted main diffusion indices were in expansion for July
  • Expansion in all parts of the country
this is a graph of  New Zealand manufacturing PMi July 2013
Source: Business NZ

 

Author: Eamonn Sheridan

Eamonn Sheridan worked with Bankers Trust Australia for 13 years as a Spot foreign exchange dealer, trading across all major currencies and all time zones. He rose to a Vice President position, running spot operations during the busy European time, leaving the bank just prior to it being sold to concentrate on running his own business in the ‘real world’! The markets, however, had him hooked – he continued to trade equities, CFDs and then on to futures, giving him broad experience across financial markets. He is now active in FX and equity index futures as well as writing for ForexLive™. Eamonn is a graduate of The University of Melbourne in Australia and lives in New South Wales.

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