Slowing new orders growth weighs on January PMI

Thu, 14 Feb 2019

By Gavin Evans Feb. 15 (BusinessDesk) - Growth in new orders slowed for a third month in a row, according to the latest BNZ-BusinessNZ performance of manufacturing index. The new orders sub-index fell to 52.2 – still showing an expansion, but down from 55.2 in the December survey and 56.9 in January last year. It was the lowest since December 2017. The overall index fell to 53.1 from 54.8 in December and 55.8 a year earlier. BNZ senior economist Doug Steel noted the index remains “comfortably” above the 50 threshold that delineates...

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