Manufacturing activity dips in October, too soon to see impact of new government: PMI

Thu, 16 Nov 2017

By Sophie Boot Nov. 17 (BusinessDesk) - New Zealand's manufacturing activity dipped in October, although economists say it's too soon to tell whether the new Labour-led government has had an impact. The BusinessNZ-Bank of New Zealand performance of manufacturing index fell 0.4 of a point to a seasonally adjusted 57.2 in October, extending its run of expansionary readings above 50 in every month since October 2012. BNZ senior economist Craig Ebert said the index had held at a "solidly expansive level", but with the government proclaimed...

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