NZ manufacturing expands for 18th month, signs of jobs growth in the sector

Thu, 13 Mar 2014

By Tina Morrison March 14 (BusinessDesk) – New Zealand manufacturing activity expanded for an 18th straight month in February with signs a buoyant economy is creating jobs. The BNZ-BusinessNZ seasonally adjusted performance of manufacturing index edged lower to 56.2 in February from an upwardly revised 56.3 in January, and 55.4 in February last year. A reading above 50 indicates expansion in the sector. The latest index suggests the manufacturing sector’s upswing remains well in force into the early stages of this year, BNZ said. Over the p...

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