NZ manufacturing growth accelerates in September

Wed, 15 Oct 2014

By Paul McBeth Oct. 16 (BusinessDesk) - New Zealand manufacturing accelerated in September, its fourth monthly increase after a mid-year lull, with a pick-up in agricultural production stoking activity in the food and beverage sector. The BNZ-Business NZ performance of manufacturing index rose 1.1 points to 58.1 in September, and was up from 53.7 in the same month a year earlier. The index was at the highest point since March, and has been above 50, which indicates the sector is expanding, for 25 months. Bank of New Zealand senior econ...

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