NZ manufacturing activity up in June as weaker kiwi boosts mood

Wed, 15 Jul 2015

By Suze Metherell July 16 (BusinessDesk) - New Zealand manufacturing activity increased in June, snapping three months of decline, as a weaker dollar supported exporters in the sector. The BNZ-BusinessNZ performance of manufacturing index rose to a seasonally adjusted 55.2, the highest level since February, and up from 52 in May. All components were in expansion, with readings above 50. The performance of manufacturing index has been in expansion for 33 consecutive months. Activity in the manufacturing sector was supported by the dec...

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