New Zealand Composite NZ PCI (Apr) 49.4 (Prev. 48.8)
Newsquawk Staff ·
New Zealand Composite NZ PCI (Apr) 49.4 (Prev. 48.8)
What it means
The New Zealand Composite PCI for April shows an improvement to 49.4 from 48.8, indicating a slight easing of contraction in the service sector. While this uptick is positive, it still remains below the neutral 50 level, suggesting ongoing economic challenges. Traders should consider the implications for monetary policy, as even modest improvements could influence the Reserve Bank's rate decisions moving forward.
- China YTD Fiscal Revenues (Sep) +5.1% (prev. +5.7%)
- China M2 Money Supply (Sept): 7.2% Y/Y (exp. 7.4%)
- Chinese Yuan-Denominated Exports YY (Sep) 29.6% (Prev. 18.6%)
- South Korean October 1st-10th Exports rose by 102% YY, Imports rose 65.5% YY, while Trade Balance was at a provisional surplus of USD 3.8bln
- New Zealand 2025/26 Budget Deficit was at NZD 8.67bln
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