NZ manufacturing growth slows as hiring dips, Canterbury in weak spot

Wed, 09 Oct 2013

Oct. 10 (BusinessDesk) – New Zealand manufacturing growth slowed for a second month in September as hiring contracted and manufacturing shrank in Canterbury/Westland, suggesting activity is cooling in a regional economy being fuelled by the post-quake rebuild. The BNZ-BusinessNZ PMI fell 2.8 points to 54.3 in September from August, which was still the highest reading for that month since 2007. The PMI follows the release this week of the Quarterly Survey of Business Opinion, which showed firms in Canterbury experiencing growth fell to a net...

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