NZ manufacturing activity slips back in October, still above long-run average

Thu, 10 Nov 2016

By Sophie Boot Nov. 11 (BusinessDesk) - New Zealand manufacturing activity fell in October although it remained ahead of its long-term average. The Bank of New Zealand-BusinessNZ performance of manufacturing index declined to a seasonally adjusted 55.2 in October, from 57.5 in September. A reading of 50 separates expansion from contraction, with the long-term average at 53.2. Four of the five sub-indexes dropped. New Zealand's manufacturing sector has almost been in continuous expansion since October 2012, barring a blip in January las...

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