New Zealand Composite NZ PCI (Feb) 50.5 (Prev. 52.5)
Newsquawk Staff ·
New Zealand Composite NZ PCI (Feb) 50.5 (Prev. 52.5)
What it means
The New Zealand Composite PMI for February printed at 50.5, down from the previous 52.5, indicating a contraction in activity. This significant decline suggests weakening economic momentum, which may elicit concerns over future growth and could influence expectations for monetary policy adjustments from the RBNZ.
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