New Zealand's manufacturing activity rises in February

Thu, 16 Mar 2017

By Rebecca Howard March 17 (BusinessDesk) - New Zealand's manufacturing activity rose in February after a dip in January when momentum waned in the building sector. The Bank of New Zealand-BusinessNZ performance of manufacturing index was a seasonally adjusted 55.2 in January, 3 points higher than January and the highest level of expansion since September last year. The manufacturing sector has remained in expansion in almost every month since October 2012, buoyed by a construction boom that started in the post-earthquakes Christchur...

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