NZ PMI stays in expansion but confidence drops sharply as global risks build.

The data points to near-term economic resilience but rising downside risks. The drop in confidence may weigh on NZD if sustained, particularly as external shocks, via energy and trade, begin to filter through. Summary:New Zealand manufacturing PMI eased to 53.2 in March (from 54.8 prior) Sector remains in expansion but momentum is slowing New orders strongest component; deliveries… Summary: . New Zealand manufacturing PMI eased to 53.2 in March (from 54.8 prior) Sector remains in expansion but momentum is slowing New orders strongest component; deliveries weakest at neutral N... Summary: New Zealand manufacturing PMI eased to 53.2 in March (from 54.8 prior) Sector remains in expansion but momentum is slowing New orders strongest component; deliveries weakest at neutral Negative sentiment among firms jumped sharply to 62% Iran war cited as a key source of uncertainty and concern Data suggests solid Q1 growth, but rising headwinds into quarter-end New Zealand’s manufacturing sector continued to expand in March, although momentum softened… For traders, the practical value is less about the headline alone and more about how it changes context, sentiment and the quality of the next decision. Watch follow-through, not just the first reaction: liquidity, volatility and confirmation across related assets usually tell the real story.