NZ manufacturing gains in August, production and employment improve

Thu, 14 Sep 2017

By Sophie Boot Sept. 15 (BusinessDesk) - New Zealand's manufacturing activity continued to gain in August, pushing further above the long-term average as activity in the South Island and larger firms picked up. The BusinessNZ-Bank of New Zealand performance of manufacturing index rose 2.4 points to a seasonally adjusted 57.9 in August, extending its run of expansionary readings above 50 in every month since October 2012. BNZ senior economist Craig Ebert said growth was "relatively rapid now" as the latest month's data pushed the index ...

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