NZ manufacturing activity rises to 15-month high in October

Wed, 12 Nov 2014

By Tina Morrison Nov. 13 (BusinessDesk) - New Zealand manufacturing activity accelerated for a fifth month to a 15-month high in October as a strong domestic economy supports local activity. The BNZ-Business NZ performance of manufacturing index rose 0.8 points to a seasonally adjusted 59.3 in October from September, reaching the highest level since July 2013. Manufacturing activity remained above the key 50 expansion level in all five sub-indices in October, and across all four of the country's regions. Growth in the New Zealand econo...

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