NZ manufacturing activity expands on month in April but down on year

Thu, 16 May 2019

By Rebecca Howard May 17 (BusinessDesk) - New Zealand's April manufacturing activity expanded versus March but was well down on the year as demand growth continues to cool. The Bank of New Zealand-Business NZ performance of manufacturing index rose 1 point to a seasonally adjusted 53 in April but was down from a 59 reading in the same month a year earlier. A reading above 50 indicates activity is expanding and the long term average is 53.4. BusinessNZ’s executive director for manufacturing Catherine Beard said that while the improveme...

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