The agency Statistics New Zealand published figures very early this morning which highlighted one optimistic tone in the static filled room of global manufacturing. Sales for manufactured goods in New Zealand climbed 2.9% this past month, down only 0.1% from the previous reading.
As many traders have witnessed these past two months, manufacturing and industrial data have shown a stark slowdown in output and demand from the United States, Britain, China, Switzerland and the broader euro zone. The healthy growth in manufacturing demand in New Zealand gives weight to notions of speedy growth among the Asian and Pacific nations lasting through the second quarter, likely outpacing its Western hemisphere rivals.
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