Mexico Industrial Output (YoY): 1% (August) vs 0.7%

Imre Speizer, Senior Markets Strategist at Westpac, suggests that the positive run of data recently, combined with rising global dairy prices, leaves us comfortable with our call that the RBNZ will leave the OCR on hold in October (currently, markets are pricing roughly a 25% chance of a cut, and roughly half of economists are calling a cut).