NZ manufacturing activity slows in July as winter weather weighs

Thu, 10 Aug 2017

By Rebecca Howard Aug. 11 (BusinessDesk) - New Zealand manufacturing activity continued to expand in July but dipped slightly compared with June after particularly dismal winter weather. The BusinessNZ-Bank of New Zealand performance of manufacturing index fell 0.6 points to a seasonally adjusted 55.4 in July, extending its run of expansionary readings above 50 in every month since October 2012. BNZ senior economist Doug Steel said that while the PMI bodes well for manufacturing gross domestic product to continue outperforming its lo...

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