NZ manufacturing dips in March, remains in expansion as employment falls

Wed, 15 Apr 2015

By Jonathan Underhill April 16 (BusinessDesk) - New Zealand manufacturing activity fell in March, while remaining in expansion, although employment contracted and new orders slowed. The BNZ-BusinessNZ performance of manufacturing index fell to a seasonally adjusted 54.5 from 56.1 in February. The index has been in expansion, at a level above 50, for 30 consecutive months. The PMI survey comes after the release this week of the New Zealand Institute of Economic Research's quarterly survey of business opinion, which showed a net 23 perc...

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