Manufacturing contraction extends into August

Manufacturing contraction extends into August
Rebecca Howard
By Rebecca Howard Sept. 13 (BusinessDesk) - New Zealand’s manufacturing sector contracted for a second month in August as new orders hit their lowest level in more than 10 years. The Bank of New Zealand-BusinessNZ performance of manufacturing index lifted 0.3 of a point to 48.4 from July but remained below the 50 level that separates expansion from contraction. The last time the sector experienced a decline for two months in a row was 2012.  Manufacturing activity has been slowing all year as the domestic economy cools and uncertainty...

More Economy

Fast-track ‘stakeholders’ list released
Economy

Fast-track ‘stakeholders’ list released

Major corporates including Carter Group and Fonterra are on the list.

Victoria Young 19 Apr 2024
Sniffing the breeze on the next four months
Economy

Pattrick Smellie: Sniffing the breeze on the next four months

A soon-to-be international absconder ponders what he'll find on return to NZ.

Pattrick Smellie 19 Apr 2024
Wayne Brown leads charge for Latin America-Auckland flights
Economy

Wayne Brown leads charge for Latin America-Auckland flights

Auckland mayor wants direct flights between Auckland and Brazil. 

Dileepa Fonseka 19 Apr 2024
One-in-three chance the RBNZ will need to hike
Economy

Cameron Bagrie: One-in-three chance the RBNZ will need to hike

The composition of Wednesday's inflation number should worry the Reserve Bank.

Cameron Bagrie 18 Apr 2024