NZ manufacturing activity continues rise in January, signalling economic expansion

Wed, 10 Feb 2016

By Sophie Boot Feb. 11 (BusinessDesk) - New Zealand manufacturing activity rose to a 15-month high in January, with an uptick in production and employment pointing to further improvements ahead, though not across all industries. The BNZ-BusinessNZ performance of manufacturing index rose to a seasonally adjusted 57.9 last month from 57.0 in December, its highest level since October 2014. New Zealand's manufacturing sector has been expanding since October 2012, where a reading of 50 separates expansion from contraction. The latest month...

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