New data Composite NZ PCI (Sep)
10/13/2024
actual 46.4, previous 45.6
The event is the release of the Composite New Zealand Performance of Composite Index (PCI) for the month of September. The actual value reported is 46.4, which is an increase of 0.8 from the previous value of 45.6. The estimated value was 48.9, indicating that the actual value fell short of expectations.The Composite NZ PCI is a measure of the overall performance of the New Zealand economy, taking into account various sectors such as manufacturing, services, and construction.
Given that the impact of this event is categorized as "Low," the market reaction to this data release may be limited. However, the lower-than-expected actual value could potentially signal some weakness in the New Zealand economy.
This is not investment advice. Remember to verify the information provided here.
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