NZ manufacturing activity picks up in November, signalling economic expansion

Thu, 10 Dec 2015

By Tina Morrison Dec. 11 (BusinessDesk) - New Zealand manufacturing activity picked up in November, suggesting the economy expanded at a faster pace in the second half of the year. The BNZ-BusinessNZ performance of manufacturing index rose to a seasonally adjusted 54.7 last month, from 53.2 in October. A reading of 50 separates expansion from contraction. The manufacturing sector has been expanding since October 2012. The latest monthly reading showed an improvement across all five sub-sectors of the index, with the measure of new orde...

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