REPEAT NZ manufacturing activity rises to a record for July, reflecting broad expansion

Wed, 14 Aug 2013

(Adds index level in second paragraph) By Tina Morrison Aug. 15 (BusinessDesk) – New Zealand manufacturing activity rose to its highest level on record for a July month, reflecting a broad expansion. The BNZ-BusinessNZ performance of manufacturing index rose 4.3 points to 59.5 in July from June, the highest result for a July month since the survey began in 2002 and the third highest monthly result on record. A reading above 50 indicates the sector expanded, while a fall below 50 shows contraction. New Zealand manufacturing is underpinned b...

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