New Zealand's manufacturing activity slips in January

Thu, 16 Feb 2017

By Rebecca Howard Feb. 17 (BusinessDesk) - New Zealand's manufacturing activity slipped in January from December and there may be further headwinds to come as the building sector's momentum loses some of its 'oomph'. The Bank of New Zealand-BusinessNZ performance of manufacturing index was a seasonally adjusted 51.6 in January, 2.6 points lower than December, and the lowest level of expansion since January 2015. The manufacturing sector has remained in expansion in almost all months since October 2012, barring a blip in January last...

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