Manufacturing slows in July, building work still strong

Thu, 11 Aug 2016

By Paul McBeth Aug. 12 (BusinessDesk) - New Zealand's manufacturing activity expanded at a slower pace in July although the country's booming construction sector continues to support industrial production. The Bank of New Zealand-BusinessNZ performance of manufacturing index fell 1.8 points to a seasonally adjusted 55.8. A reading of 50 separates expansion from contraction and the long-term average is 53.1. New Zealand's manufacturing sector has been expanding since October 2012, buoyed by a construction boom that started in the post...

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