ONLY CHARTS #329

NZ PMI, NZ Q1 GDP nowcast, Aus Jobseeker recipients, Aus domestic airfares, China activity data

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1. New Zealand’s composite PMI - the PCI - declined in April to 48.2, remaining below the January high of 50.5.

Importantly, however, kiwi firms reported improving new orders.

2. New Zealand’s composite employment PMI pulled back in April but remained broadly consistent with slightly positive jobs growth.