A number of surprises, mostly positive
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.And today we lead with that is full of unexpected data and outcomes.US jobless claims fell last week to 190,000 and this was lower than expected. The number of people still on this unemployment insurance is lower too, at just over 2 mln. Neither signals growing labour market stress.The Philly Fed's factory survey was expected to retreat in March following a good rise in February. But it surprised…
The skinny
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