Firms frontload, Fed waits, and friends fall out: a US special
We’ve seen a front loading of activity in anticipation of tariffs. And we may now be seeing the start of the unwind. After a surge in imports earlier this year, April saw the sharpest drop in U.S. imports on record. Meanwhile, sentiment data is sliding too. US PMIs continue to track further into contraction

Modal to play video
All content is general commentary, research and information only and isn’t financial or investment advice. This information doesn’t take into account your objectives, financial situation or needs, and its contents shouldn’t be relied on or used as a basis for entering into any products described in it. The views expressed are those of the authors and are based on information reasonably believed but not warranted to be or remain correct. Any views or information, while given in good faith, aren’t necessarily the views of Kiwibank Limited and are given with an express disclaimer of responsibility. Except where contrary to law, Kiwibank and its related entities aren’t liable for the information and no right of action shall arise or can be taken against any of the authors, Kiwibank Limited or its employees either directly or indirectly as a result of any views expressed from this information.