New Zealand Manufacturing Sales increased to -0.6% in 4Q from previous -2.7%

Mar 6, 2024

Gold hits record high amid Powell’s rate cut signals, geopolitical tensions

Gold rallied for the fifth straight day and reached an all-time high (ATH) at $2,152.24 during the North American session amid US Federal Reserve Chair Jerome Powell's congressional testimony at Capitol Hill.

New Zealand Manufacturing Sales down -0.6% for the fourth quarter, adding to previous -3.2%

New Zealand's Manufacturing Sales activity decreased -0.6%, or $226 million in NZD terms compared to the third quarter's $900 million backslide, equating to a 3.2% decline.