NZ manufacturing PMI eases in September, still expanding

Thu, 11 Oct 2018

By Rebecca Howard Oct. 12 (BusinessDesk) - New Zealand's manufacturing activity was still expanding in September although a dip in production and new orders may signal tougher times ahead. The BNZ-BusinessNZ performance of manufacturing index fell 0.3 of a point to a seasonally adjusted 51.7 last month, below the long-term average of 53.4. A reading of 50 separates expanding activity from contraction. "New Zealand's manufacturing sector remains stuck in low gear," BNZ senior economist Craig Ebert said. Production slipped back to a...

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