NZ manufacturing activity rose in October, indicating broad economic expansion

Wed, 13 Nov 2013

By Tina Morrison Nov. 14 (BusinessDesk) – New Zealand manufacturing activity rose in October, indicating the sector is part of a broad-based economic expansion. The BNZ-BusinessNZ seasonally adjusted PMI rose to 55.7 in October from a revised 54.2 in September, and is at the highest level for an October month since 2007. All major components of the PMI, including production, new orders, employment, inventories and deliveries of raw materials, posted readings above 50, suggesting growth. “The ongoing strong PMI results and supportive details...

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