Manufacturing activity grows for first time in three months

Fri, 10 Feb 2023

New Zealand manufacturing activity showed growth for the first time in three months in the latest performance of the manufacturing index (PMI).The BNZ-BusinessNZ seasonally adjusted PMI for January was 50.8 – a reading above 50 indicates activity is expanding whereas below 50 shows it shrinking. The latest reading was up 3 points from December, but still below the long-term average of 53.The readingBusinessNZ's advocacy director, Catherine Beard, said the January result showed a small degree of expansion during January but she was uns...

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