Manufacturing flat, according to BNZ – BusinessNZ survey

Wed, 23 Jan 2013

Jan. 24 (BusinessDesk) – The property market may be taking off, but there is no sign of the manufacturing sector doing the same, according to the latest BNZ-Business New Zealand Performance of Manufacturing Index. The December PMI was barely in positive territory at 50.1, up 1.3 points from November, but down on the readings in December 2011 and 2010. BNZ described the overall index as showing “all but no change”, saying that when one sub-component was doing better another one was slipping away. “There is certainly a bit to like in the produ...

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