The latest tracker is down to 2.0% from 2.2%. After recent releases from the US Census Bureau, the US Bureau of Labor Statistics, and the US Department of the Federal Reserve Board of Governors, the nowcast of fourth-quarter real gross private domestic investment growth decreased from -0.8 percent to -1.8 percent. The consensus is just
Share: The Business NZ Performance of Manufacturing Index (PMI), also known as the New Zealand Manufacturing PMI came in at 42.5 in October from September’s print of 45.3. “Today’s PMI is not a good look for GDP and employment growth. Our GDP forecasts already include a decline in the manufacturing sector in the
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Details: Output (production) +5.2 vs +7.9 prior New orders -8.8 vs -5.2 prior Employment +6.7 vs +13.6 prior Outlook -17.1 vs -17.5 prior Prices paid for raw materials +13.6 vs +25.0 prior Prices received -2.1 vs +1.8 prior Wages +24.4 vs +34.8 prior Comments in the report: Chemical manufacturing The Middle East situation has raised
That’s a notable drop in annual consumer prices for Germany’s industrial state. If paired with the Brandenburg reading from Friday, that could mean we should see a steeper drop than expected for the national reading later today. For some context, you can check this post here. This article was written by Justin Low at www.forexlive.com.