The PMI is expected to remain firm, domestic demand in NZ is on fire.
2230GMT BusinessNZ manufacturing PMI for June
- expected 55.8
- prior 58.6
2245 GMT brings the CPI, wage rises have helped firm inflation
- food prices up
- construction costs higher
- used car prices also higher
- CPI expected 0.8% q/q, prior 0.8%
- CPI expected 2.8% y/y, prior 1.5%
Later in the session are more inflation data from NZ, the RBNZ's 'Sectoral Factor Model Inflation Gauge'