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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Greg Holden is the Chief Market Analyst at ForexYard. Greg uses his detailed knowledge of fundamental and technical analysis to provide some of the leading market forecasts in the forex world today. A guest lecturer at forex symposiums and Chief Editor of ForexYard's analysis center, Greg brings highly detailed and easy-to-use market analyses to his clientele. He has been published on ForexYard's Trading Blog and affiliate websites. Greg holds degrees in Political Science and Economics from Missouri State University, as well as a Masters degree in Middle Eastern History.
