Germany Markit Services PMI came in at 54.5 below forecasts (55.2) in October
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Nov 4, 2015
Drop in NZ employment may prompt RBNZ to consider December rate cut
Statistics New Zealand today reported a drop in employment for the Q3. Employment dropped 0.4 per cent from the second quarter pushing the unemployment rate to rise to 6 per cent from 5.9 per cent. The annual employment growth slowed to 1.5% y/y. The drop in employment for the first time in three years has not only raised New Zealand’s jobless rate but has also resulted in a dip in the New Zealand dollar.