New Zealand Composite NZ PCI (Jan) 52.5 (Prev. 53.9, Rev. From 53.7)
Newsquawk Staff ·
New Zealand Composite NZ PCI (Jan) 52.5 (Prev. 53.9, Rev. From 53.7)
What it means
The New Zealand Composite PCI for January came in at 52.5, indicating a slowdown from the previous print of 53.9, and even revised down from 53.7. This miss could suggest weakening momentum in the economy, which may influence market expectations regarding monetary policy and rates going forward, potentially leading to a cautious sentiment around the NZD.
Related headlines
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