Antipodean Macro

Antipodean Macro

Only Charts

ONLY CHARTS #409

NZ PMI, NZ job ads, Aus labour productivity, China data dump

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Antipodean Macro
Sep 15, 2025
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1. New Zealand’s composite PMI - the PCI - fell in August to a still-weak 47.9. The new orders component also pulled back.

2. The kiwi PMI suggests that GDP growth in New Zealand remains fairly weak, though not as bad as last year.

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