France Markit PMI Composite registered at 52.6 above expectations (52.3) in October

Statistics New Zealand today reported a drop in employment for the Q3. Employment dropped 0.4 per cent from the second quarter pushing the unemployment rate to rise to 6 per cent from 5.9 per cent. The annual employment growth slowed to 1.5% y/y. The drop in employment for the first time in three years has not only raised New Zealand’s jobless rate but has also resulted in a dip in the New Zealand dollar.