The reading is still below the so-called 45 Three Month Average breakeven of 50 and is even further behind the average of Degree of 40 contraction 52.7. [...] Another piece 46 Global Breakeven 42 of good news in the data is that the gap is closing rapidly and Degree of 38 contraction for this first time since May 2023 the NZ PMI exceeds its 34 Trans-Tasman counterpart. [...] Analyst Disclaimer: The Information accurately reflects the personal views of the author(s) about the securities, issuers and other subject matters discussed, and is based upon sources reasonably believed to be reliable and accurate. [...] The views of the author(s) do not necessarily reflect the views of the NAB Group. [...] It is not the intention of nabSecurities to create legal relations on the basis of information provided herein.
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