NZ March manufacturing expansion slows to lowest pace since last July

Thu, 11 Apr 2019

By Rebecca Howard April 12 (BusinessDesk) - New Zealand's March manufacturing activity continues to expand but at the slowest pace since July last year as production and new orders eased. The Bank of New Zealand-Business NZ performance of manufacturing index eased 1.5 points to a seasonally adjusted 51.9 in March , and was down from a 53.7 reading in the same month a year earlier. A reading above 50 indicates activity is expanding. BusinessNZ's executive director for manufacturing Catherine Beard said that the slow level of expansion...

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