NZ manufacturing growth slows in June from 9-year high, still hearty

Wed, 10 Jul 2013

By Paul McBeth July 11 (BusinessDesk) - New Zealand manufacturing activity remained in hearty expansion mode last month, while slowing from a nine-year high in May, with new orders and production driving growth. The BNZ-BusinessNZ performance of manufacturing index fell 4.3 points to 54.7 in June, the highest result for a June month since 2004. A reading above 50 indicates the sector expanded, while one below shows contraction. The survey follows the New Zealand Institute of Economic Research’s quarterly survey of business opinion earlier...

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