New Zealand Business PMI came in at 46.1 in August vs.46.3 prior

The Business NZ reported on Friday that the New Zealand Business PMI came in at 46.1 in August from July’s print of 46.3. 

More to come…

Market reaction

The above economic data fails to move the needle around the New Zealand Dollar. NZD/USD is trading at 0.5911, unchanged on the day.