New orders power global factories
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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 global factories are mostly in expansion mode, driven by a new order surge and despite the rising cost pressures.
But first, monitored US job cuts stayed quite low in September at about 44,000, similar to August, and similar to the level in September a year ago.
US initial jobless claims dipped last week to…
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