13 May 2015
New Zealand data preview: Manufacturing activity to remain firm – TDS
FXStreet (Barcelona) - Paul Fage, Senior Emerging Markets Strategist at TD Securities, previews the data releases tomorrow in New Zealand – Manufacturing PMI, Retail sales and bond holdings data.
Key Quotes
“Manufacturing data is likely to show activity remains firm along with high levels of business confidence.”
“For Q1 real retail sales we forecast a rise of +1.3%/qtr, a touch below mkt at +1.6%/qtr and the prior +1.7%/qtr, but still a decent outcome.”
“Offshore bond holdings data will reveal which lines are drawing most interest. The report for March showed a pick up in ownership of the Dec 17 and Apr 27 lines.”
Key Quotes
“Manufacturing data is likely to show activity remains firm along with high levels of business confidence.”
“For Q1 real retail sales we forecast a rise of +1.3%/qtr, a touch below mkt at +1.6%/qtr and the prior +1.7%/qtr, but still a decent outcome.”
“Offshore bond holdings data will reveal which lines are drawing most interest. The report for March showed a pick up in ownership of the Dec 17 and Apr 27 lines.”