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

Thu, 12 Dec 2013

(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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