NZ manufacturing rises in June, economists cautious about stronger kiwi

Wed, 13 Jul 2016

By Sophie Boot July 14 (BusinessDesk) - New Zealand manufacturing activity improved again in June, with all regions expanding, though economists warned a stronger New Zealand dollar could weigh on the sector's export earnings. The BNZ-BusinessNZ performance of manufacturing index rose to a seasonally adjusted 57.7 last month from 57.2 in May. A reading of 50 separates expansion from contraction and the long-term average is 53.1. The manufacturing sector has been expanding nearly every month since October 2012 and has held above its lon...

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