NZ manufacturing activity slows in May, as employment index slumps

Thu, 14 Jun 2018

By Tina Morrison June 15 (BusinessDesk) - New Zealand's manufacturing activity weakened in May to produce a reading "just above average", with an "abrupt stalling" in the employment index raising concern. The BusinessNZ-Bank of New Zealand performance of manufacturing index fell to 54.5 in May from 59.1 in April. A reading above 50 separates expanding activity from contraction. "Having roared to a high level in April (59.1), New Zealand’s Performance of Manufacturing Index (PMI) fell back to just above average in May, with 54.5," BNZ s...

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