NZ manufacturing softer in November: PMI

Wed, 14 Dec 2016

By Sophie Boot Dec. 15 (BusinessDesk) - New Zealand manufacturing activity softened for the second month in a row in November while holding above its long-term average. The Bank of New Zealand-BusinessNZ performance of manufacturing index declined to a seasonally adjusted 54.4 in November from 55.1 in October. A reading of 50 separates expansion from contraction, with the long-term average at 53.2. Three of the five sub-indices dropped. New Zealand's manufacturing sector had almost been in continuous expansion since October 2012, barri...

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