NZ manufacturing rebounds from two-year low in February

Thu, 12 Mar 2015

By Suze Metherell March 13 (BusinessDesk) - New Zealand manufacturing rebounded from a two-year low in February, led by improvement in new orders and deliveries and a recovery in the petroleum, coal and chemical sector. The BNZ-Business NZ performance of manufacturing index rose to a seasonally adjusted 55.9 last month, rising 5.2 points from January reading of 50.9, the lowest level in two years. The index has been in expansion, at a level above 50, for 29 consecutive months. The monthly snapshot shows all five sub-indices were in exp...

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