More 'peace' claims for Hormuz, but growth sags, El Niño arrives
Kia ora.
Welcome to Friday’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 Trump cancelled his latest planned military strikes claiming negotiating progress. That has been enough to settle financial markets today.
But first in the US, producer prices jumped +1.1% in May from April to be +6.5% higher than a year ago and to their highest since November 2022. And before the pandemic, their highest since this series began in 2009. Core PPI was up…
The skinny
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