Broad-based manufacturing pick-up offers silver lining

Broad-based manufacturing pick-up offers silver lining
Paul McBeth
Manufacturing activity snapped three months of contraction in October, with a broad-based pick-up in demand strong enough to see firms burn through some of their inventories. The Bank of New Zealand-BusinessNZ performance of manufacturing index rose 3.8 points to 52.6 in October, and was a little below the 53 reading a year earlier. That gain brought the index back above the 50 level that separates expansion from contraction after three months of dwindling activity. The index showed a 5.3 point jump in new orders to 56.2, the highest...

More Economy

RBNZ marks 35 years of inflation targeting
Economy

RBNZ marks 35 years of inflation targeting

RBNZ research conference aims to inform monetary policy decisions.

The US dollar may trump the kiwi
Economy

The US dollar may trump the kiwi

Westpac NZ strategy chief says the NZ dollar could head to 58.50 US cents. 

Buzzkill: Honey industry past its sweet spot, report says
Primary Sector

Buzzkill: Honey industry past its sweet spot, report says

The crisis is more of a ‘correction’ than anything terminal, Coriolis says.

Gregor Thompson 04 Nov 2024