Where have the children of China gone?
Kia ora,
Welcome to Wednesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.
I'm David Chaston and this is the international edition from Interest.co.nz.
Today we lead with news the last few days of the northern summer holiday period that is quiet but basically positive.
First, American retail sales at physical stores were up +5.0% last week from the same week in 2023, another pointer that the consumer side of the American economy hasn't stumbled yet.
But there are of course pockets of regional variation. The Richmond Fed's factory survey…
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