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XE Data Update - Business NZ Manufacturing Index release
The Business NZ Manufacturing Index (PMI) survey results for October have just been released.
The Business NZ Manufacturing Index came in notably higher compared to September:
+52.6 % vs +48.8 %
A reading above 50 indicates expansion.
The NZD is higher in immediate response.
Current indicative levels are:
NZDUSD 0.6365
/ 0.6390
NZDAUD 0.9385 /
0.9410
NZDEUR 0.5775 /
0.5800
NZDGBP 0.4940 /
0.4965
NZDJPY 69.00 /
69.25
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