China loses steam on property drag
Kia ora,
Welcome to Tuesday’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 steam seems to be going out of the Chinese economy as their property sector woes just drag on and on.
But first, although it is still retreating, the June New York factory survey improved sharply from May, with firms there increasingly positive about the next six months.
And Canada reported a much bigger jump in housing starts in May, far above what was expected…
The skinny
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