NZ manufacturing activity slowed for a second month in March

Wed, 13 Apr 2016

By Tina Morrison April 14 (BusinessDesk) - New Zealand manufacturing activity slowed for a second month in March to the lowest level in five months although it remains above its longer term average. The BNZ-BusinessNZ performance of manufacturing index fell to a seasonally adjusted 54.7 last month, from 55.9 in February and a 15-month high of 57.9 in January. A reading of 50 separates expansion from contraction New Zealand's manufacturing sector has been expanding since October 2012. While the measure slid in the latest reading, it has...

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