New Zealand data (earlier data from NZ is here)

Q3 Manufacturing Activity Sales: rise 4.2% q/q

  • prior +0.4%

Manufacturing Activity Volume rise 3.5% q/q

  • prior was -0.2%

NZD is ticking higher a few points from the lows hit after the overnight slide.

more to come

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ps. ... coming up later in the week ... RBNZ monetary policy decision:

  • Preview of the RBNZ monetary policy meeting this week, and trade for the NZD
  • Reuters polled economists and 21 of 24 reckon the RBNZ is likely to cut interest rates on Thursday

Market pricing (OIS) is showing a 62% of a cut of 25 bps