NZ manufacturing activity dips in April

Thu, 11 May 2017

By Rebecca Howard May 12 (BusinessDesk) - New Zealand's manufacturing activity eased in April but remains in expansionary territory. The Bank of New Zealand-BusinessNZ performance of manufacturing index was a seasonally adjusted 56.8 in April, down 1.2 points from March when it was 58. A reading of 50 separates expansion from contraction. New Zealand's manufacturing sector has remained in expansion in almost every month since October 2012, buoyed by a construction boom that started in the post-earthquakes Christchurch rebuild and has...

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