ONLY CHARTS #347
NZ job ads, NZ composite PMI, China data dump, Shipping costs
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1. The number of job ads rose again in May in New Zealand according to MBIE…
…and points to a broadly stable unemployment rate in the near-term (caveat: see PMI below).
2. New Zealand’s composite PMI - the PCI - fell sharply to 44.3 in June after also softening in May. The new orders component also weakened considerably.
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