NZ manufacturing activity slows to the weakest measure in 6 months in June

NZ manufacturing activity slows to the weakest measure in 6 months in June
Tina Morrison
By Tina Morrison July 13 (BusinessDesk) - New Zealand's manufacturing activity slowed for a second month in June to the lowest level in six months, as the employment index contracted for a second straight month and the production measure fell to its lowest point since January. The BNZ-BusinessNZ performance of manufacturing index fell to a seasonally adjusted 52.8 in June from 54.4 in May, marking the lowest level since December 2017's 51. A reading above 50 separates expanding activity from contraction. The measure outperformed in 2017,...