NZ manufacturing activity ebbs in July while growing for 22nd straight month

Wed, 13 Aug 2014

Aug. 14 (BusinessDesk) - New Zealand manufacturing activity fell in July while remaining in expansion for the 22nd straight month as an increase in new orders made up for a dip in production and employment. The BNZ-Business NZ seasonally adjusted performance of manufacturing index fell to 53 from last month from 53.3 in June from a downwardly revised 52.6 in May, although below 54.9 in June last year. A reading above 50 indicates expansion in the sector. The manufacturing sector in New Zealand has proven resilient in the face of a strong...

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