New Zealand BusinessNZ Performance of Manufacturing Index rose 0.4 to 49.6 in January, staying in contraction region. BNZ Senior Economist, Craig Ebert said that “in the context of the latest global ructions – this time related to the COVID-19 virus – January’s PMI could arguably be read as a relatively decent outcome. At the same time, it is surely too early for the PMI to capture the economic consequences of the virus”.

Full release here.

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