NZ manufacturing activity slows from 15-month high, still in expansion in Nov

Thu, 11 Dec 2014

By Suze Metherell Dec. 12 (BusinessDesk) - New Zealand manufacturing activity eased from a 15-month high in November, while remaining in expansion for the 26th consecutive month, as production and new orders declined in the month. The BNZ-Business NZ performance of manufacturing index declined 3.7 points to a seasonally adjusted 55.2 in November, slipping from October's reading which was the highest level since July 2013. The index, where a reading above 50 indicates growing activity, has been in expansion for the past 26 months. Manuf...

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