NZ manufacturing PMI eases to 54.9 in October but extends expansion run to 16 months

What we know so far

investingLive (Nov 13, 03:43): A PMI still well above 50 gives little reason to doubt New Zealand’s recovery, so the small fall should do little to change the outlook for the RBNZ or the New Zealand dollar. The focus on fuel prices among survey respondents links New Zealand’s factory sector to the oil shock. That keeps input costs and inflation pressure in view, even…