Auckland lockdown hits manufacturing; output still expanding

Fri, 11 Sep 2020

The latest Auckland covid-19 lockdown hit manufacturing output but the sector is still expanding by a whisker.The seasonally-adjusted performance of manufacturing index for August was 50.7, down 8.3 points from July and the lowest result since May. A PMI reading above 50 indicates that manufacturing is generally expanding.While the PMI weakened, the outcome above the 50 break-even mark indicates a “modicum of growth” in August and “is arguably a commendable result given more than a third of the country moved into alert level 3...

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