NZ manufacturing activity slips in August, remains in broad expansion mode

Thu, 12 Sep 2013

By Tina Morrison Sept. 13 (BusinessDesk) – New Zealand manufacturing activity slipped in August but remained in broad expansion mode. The BNZ-BusinessNZ performance of manufacturing index declined 2 points to 57.5 in August from July although it was the highest level for an August month since the survey began in 2002. A reading above 50 indicates the sector expanded. All five seasonally adjusted main indices expanded in August, continuing the trend of the past four months. New orders led the indices at 60.9. That was followed by production...

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