HiFX Data Update - NZ Q4 Manufacturing Activity Release
The Statistics NZ Q4 Manufacturing Activity survey has just been released.
The NZ Q4 Manufacturing Activity came showed improvement when compared with Q3 2017:
Manufacturing Activity (vol.) +1.0% compared with a revised +0.4% in Q3
Manufacturing Activity (sales) +2.8% compared with +0.5% in Q3
Volumes for dairy and meat products, the country’s largest export earners, fell 2.8%. Excluding dairy and meat, manufacturing volumes rose 0.8% on the quarter.
The NZD is little changed in immediate response.
The closely watched and influential US non-farm payrolls employment figures hit the tapes Friday night.
Current indicative levels are:
0.7270 / 0.7295
NZDAUD 0.9295 / 0.9320
NZDEUR 0.5855 / 0.5880
NZDGBP 0.5225 / 0.5250
NZDJPY 82.85 / 83.10