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XE Data Update - Business NZ manufacturing index release

Contributor:
Fuseworks Media
Fuseworks Media

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 / 0.6390NZDAUD 0.9385 / 0.9410NZDEUR 0.5775 / 0.5800NZDGBP 0.4940 / 0.4965NZDJPY 69.00 / 69.25

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