NZ manufacturing activity chugs along in November

Thu, 13 Dec 2018

By Paul McBeth Dec. 14 (BusinessDesk) - New Zealand manufacturing activity grew at a slightly slower pace last month, hovering around its long-run average, as the sector recovers from a mid-year lull. The BNZ-BusinessNZ performance of manufacturing index decreased 0.2 points to a seasonally adjusted 53.5 in November, holding near the 53.7 long-run average. A reading above 50 separates expansion from contraction. Manufacturing activity slowed mid-year and government figures last week showed manufacturing sales shrank for a second quart...

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