WalletWhisperer
Manufacturing activity in New Zealand hit a four-year high last December, marking the strongest expansion since 2020. The surge signals that the economy is gradually adapting to the effects of falling interest rates, with lower borrowing costs finally translating into real economic momentum. As central banks continue adjusting policy rates globally, these data points from developed economies provide useful context for understanding how monetary easing cycles typically play out and their eventual impact on risk assets. Worth monitoring for broader macro implications.