October manufacturing activity strongest since May

Thu, 15 Nov 2018

By Rebecca Howard Nov. 16 (BusinessDesk) - New Zealand's manufacturing activity expanded in October to its highest level since May as production and new orders improved. The BNZ-BusinessNZ performance of manufacturing index climbed to a seasonally adjusted 53.5 last month, 1.6 points higher than September and about the long-term average of 53.4. A reading of 50 separates expanding activity from contraction. "There was a glimpse of better trading conditions in October for New Zealand’s manufacturing sector. This follows a few months of...

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