Manufacturing PMI (BNZ-BusinessNZ Performance of Manufacturing Index )for September, expanded again to 55.4

  • prior 55.1, revised from 55

An NZD positive result, though its often not too much of an immediate FX market mover

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  • Now at its highest since February
  • Production at its highest since December 2014
  • Improvement in new orders

Comments from BNZ Senior Economist Doug Steel:

  • Data very robust, especially sales and activity
  • A positive for economic growth
  • Some higher cost pressures appearing