Antipodean Macro

Antipodean Macro

Only Charts

ONLY CHARTS #565

NZ PMI, NZ population growth, China data dump, Aus new house sales

Antipodean Macro's avatar
Antipodean Macro
May 18, 2026
∙ Paid

ONLY CHARTS is available to paid subscribers.

A 7-day free trial is available below. Group discounts are available here.

Antipodean Macro’s in-depth research is available here.

Share


1. New Zealand’s composite PMI rose in April to a still-weak 48.6. The new orders component rose more strongly to 50.7.

2. The partial rebound in New Zealand’s composite PMI in April is similar (directionally) to what we have seen elsewhere. But the outright level of the kiwi PMI is relatively weak.

Keep reading with a 7-day free trial

Subscribe to Antipodean Macro to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2026 Antipodean Macro · Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture