Pall hangs over manufacturers as activity perks up in May

Fri, 12 Jun 2020

Manufacturers remain negative despite some recovery in activity last month.Bank of New Zealand economist Craig Ebert said activity improved from April, when the national lockdown kept any non-essential manufacturer closed. The performance of manufacturing index rose to an adjusted reading of 39.7 in May from the all-time low of 25.9 in April.“That result for April, of course, traversed the most extreme period of lockdown, related to covid-19. May benefited from a partial relaxation of the restrictions,” Ebert said.“Still, a ne...

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