Economy

Auckland lockdown hits manufacturing; output still expanding

Rebecca Howard
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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Markets
MARKET CLOSE: Profit taking pulls shares down
Dan Brunskill | Mon, 21 Sep 2020

Profit taking pushed New Zealand’s benchmark stock index more than 500 points below its record as investors found few reasons to buy with a global recession in progress.    The S&P/NZX 50 Index fell 94.42 points, or 0.8 percent, to 11,539.10. Within the index, 34 stocks fell, 11...

Infrastructure
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Retail
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