NZ manufacturing activity recovers in August as construction demand stokes production, new orders

Thu, 13 Sep 2018

By Paul McBeth Sept. 14 (BusinessDesk) - New Zealand's manufacturing activity grew at a faster pace in August as increased demand from the construction industry underpinned a pick-up in production and new orders. The BNZ-BusinessNZ performance of manufacturing index increased 0.8 of a point to a seasonally adjusted 52 last month, snapping three months of slowing growth although still below the long-run average of 53.4. A reading of 50 separates expanding activity from contraction. The acceleration in activity was backed by an increas...

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