MARKET OPEN: Improving manufacturing data to keep investors on front foot

MARKET OPEN: Improving manufacturing data to keep investors on front foot
Rebecca Howard
Investors will be more upbeat as improving manufacturing data in China and the US helps ease fears of a slowdown in demand from New Zealand’s major trading partners. ISM data showed US factory activity expanded for a third straight month to a reading of 56.0 in August, the highest since November 2018. The data follows news China’s Caixin manufacturing PMI, which surveys a greater proportion of small and medium-sized firms than the official PMI, rose to 53.1 in August from July’s 52.8. It was the highest level in almost a decade.  “The...

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