NZ manufacturing expands for 15th month in December

Wed, 22 Jan 2014

Jan. 23 (BusinessDesk) - New Zealand manufacturing activity expanded for a 15th straight month in December, with more production likely in the coming year on strong new orders and dwindling inventories. The BNZ-BusinessNZ seasonally adjusted performance of manufacturing index slipped to 56.4 from 56.7 in November, but was up from 50.7 in December 2012. A reading above 50 indicates expansion in the sector. New orders led activity at 61.4 in December from 62 a month earlier, while production was at 57.2 from 59.4 in November. Finished stocks co...

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