Supply headaches for expanding manufacturing activity

Fri, 11 Jun 2021

New Zealand’s manufacturing activity continues to expand but supply-side factors are a key issue.The latest seasonally adjusted BNZ-BusinessNZ performance of manufacturing index for May was 58.6, 0.3 points higher than April.The production sub-index was 65.3, while new orders was 63.7 - the “cornerstones of ongoing expansion on the sector,” BusinessNZ’s executive director for manufacturing Catherine Beard said.However, “it’s supply side issues that continue to dictate proceedings,” said BNZ senior econo...

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