NZ manufacturing grows for 19th month, employment surges to 7-year high

Thu, 10 Apr 2014

By Suze Metherell April 10 (BusinessDesk) – New Zealand’s “buoyant” manufacturing sector expanded for the 19th consecutive month in March as domestic demand for goods and fast-growing Asian economies fuelled economic momentum through the first quarter of 2014. The employment index reached a seven-year high. The BNZ-BusinessNZ seasonally adjusted performance of manufacturing index increased to 58.4 in March, from an upwardly revised 56.5 in February, and 53 in March last year. A reading above 50 indicates expansion in the sector. The PMI a...

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