PMI eases despite lifting of covid restrictions

Fri, 13 Nov 2020

The BNZ-BusinessNZ Performance of Manufacturing Index eased to 51.7 in October from 54 in September. While it remained above the 50 mark, indicating growth, the October reading "serves as a gentle reminder of not getting too carried away with the sense of recovery, even if the worst of covid’s impacts can be assumed to be behind us,” senior economist Craig Ebert said.A raft of better-than-expected data led the central bank this week to indicate it might not need to pump as much stimulus into the economy as it had an...

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