New Zealand data: Manufacturing sales fell in Q1, down 0.4% q/q (prior -0.6%)

New Zealand manufacturing sales volumes -0.4% in the January – March quarter

• the previous quarter was -0.6%
• sales volumes -4.2% y/y

Volumes are calculated by removing the effect of price changes from sales values.

Earlier from NZ:

• ANZ expect the first Reserve Bank of New Zealand rate cut in February 2025 (prior May ’25)

RBNZ Governor Orr

This article was written by Eamonn Sheridan at www.forexlive.com.



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