NZ manufacturing activity slows in June, PMI shows

Wed, 11 Jul 2012

By Hannah Lynch July 12 (BusinessDesk) - New Zealand's manufacturing sector fell in June, shedding last month's gains, though activity continued to expand. The BNZ-BusinessNZ Performance of Manufacturing Index fell a seasonally adjusted 5.6 points to 50.2 in June from a month earlier. That's the lowest June reading since 2009. A reading of 50 separates a contraction from an expansion. Four of the five of the sub-indexes fell, led by production which dropped 8 points to 50.8 and new orders which sank 6 points to 51.2. Employment slipped int...

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