New Zealand manufacturers still struggling

Fri, 11 Oct 2019

New Zealand’s manufacturing activity shrank for a third month in September as production hit its lowest level in more than seven years. The Bank of New Zealand-BusinessNZ performance of manufacturing activity was unchanged from August at 48.4 points, remaining below the 50 level that separates expansion from contraction. "While it is good to see the sector not declining further, it remains stuck in a tight band of contraction," said Catherine Beard, BusinessNZ’s executive director for manufacturing. "The key to lifting it back into expans...

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