NZ manufacturing activity slows to a 5-month low in October

Wed, 11 Nov 2015

By Tina Morrison Nov. 12 (BusinessDesk) - New Zealand manufacturing activity weakened in October to the lowest level in five months in what may be a temporary blip. The BNZ-BusinessNZ performance of manufacturing index fell to a seasonally adjusted 53.3 last month, from 55 in September, marking the lowest level since May. A reading of 50 separates expansion from contraction. The manufacturing sector has been expanding since October 2012. The latest monthly reading shows that while four of the five sub-sectors of the index declined, all...

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