NZ manufacturing activity hits 7-month high on new orders, production

Wed, 14 Oct 2015

By Tina Morrison Oct. 15 (BusinessDesk) - New Zealand manufacturing activity expanded to its highest level in seven months in September, with an uptick in new orders pointing to further improvements ahead. The BNZ-BusinessNZ performance of manufacturing index rose to a seasonally adjusted 55.4 last month from 55.1 in August, and was the highest level since February. A reading of 50 separates expansion from contraction. The sub-sectors of the index showed improvement in production, new orders and deliveries while finished stocks and emp...

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