Canterbury rebuild will rouse sleeping manufacturing sector, Wheeler says

Wed, 28 Nov 2012

By Paul McBeth Nov. 28 (BusinessDesk) - The $30 billion rebuild of New Zealand's second-biggest city should help revive a lagging domestic manufacturing sector, which is typically linked to the construction industry, according to Reserve Bank governor Graeme Wheeler. New Zealand's manufacturing output is about 9 percent lower than before the global financial crisis, much of which has come from tepid investment in construction which has sapped the domestic side of the sector, Wheeler told Parliament's finance and expenditure committee in Well...

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