FX.co ★ New Zealand Factory Activity Growth Eases

New Zealand’s BusinessNZ Performance of Manufacturing Index slipped to 54.3 in July from a revised 60.1 in June, signaling a moderation in factory activity. Despite the slowdown, the index still indicated expansion for the 21st consecutive month and remained comfortably above its long-term average of 52.5. All sub-indices continued to grow, though at a gentler pace than in the previous month.