NZ manufacturing activity rises in June from 18-month low

Wed, 09 Jul 2014

By Tina Morrison July 10 (BusinessDesk) - New Zealand manufacturing activity rose in June from an 18-month low in May, led by a pick-up in production and deliveries. The BNZ-Business NZ seasonally adjusted performance of manufacturing index rose to 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 has been in expansion for 21 consecutive months although growth is moderating, with new orders declining for a third month...

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