CORRECTED New Zealand manufacturing activity grows in November, pick up set to continue

(Corrects movement from previous month in second graph, adds detail throughout)
By Tina Morrison
Dec. 13 (BusinessDesk) – New Zealand manufacturing activity expanded in November, with high orders and lean inventory suggesting the pick-up in production will continue.
The BNZ-BusinessNZ seasonally adjusted PMI rose to 56.7 in November from 55.9 in October and 50.2 in November last year. A reading above 50 signals expansion.
The manufacturing sector has been in expansion for 14 consecutive months, with the PMI averaging 56 so far this year,...
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