NZ manufacturing activity weakens for a third month in May

Thu, 11 Jun 2015

By Tina Morrison June 12 (BusinessDesk) - New Zealand manufacturing activity declined for a third straight month in May, while remaining in expansion, as production slipped into contraction. The BNZ-BusinessNZ performance of manufacturing index fell to a seasonally adjusted 51.5 from 51.7 in April. The weakest component was production, which dipped to 48.4 from 51.8 in April, and below the 50 level which signals expansion. The performance of manufacturing index has been in expansion for 32 consecutive months. However New Zealand's econ...

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