Manufacturing grows at slowest pace in more than six years
By Rebecca Howard June 14 (BusinessDesk) - Manufacturing activity grew at its slowest pace in more than six years last month, and barely remained in expansionary territory. The Bank of New Zealand-Business NZ performance of manufacturing index fell 2.5 points to a seasonal...
NZ dollar range-bound as rate cut speculation continues
By Rebecca Howard June 14 (BusinessDesk) - The kiwi kept to a tight range as weak data in the US and Australia fuelled speculation of possible rate cuts in those economies. The New Zealand dollar was trading at 65.65 US cents at 8am in Wellington from 65.70 US cents at 5pm...
NZ dairy industry to invest $25.7 mln to improve national dairy herd
By Rebecca Howard June 13 (BusinessDesk) - New Zealand's dairy industry is investing $25.7 million in an innovation project to produce better cows. The seven-year programme, called Resilient Dairy: Innovative Breeding for a Sustainable Future, was launched at Fieldays. It...
NZ primary industry exports seen rising 7.1% this year
By Rebecca Howard June 13 (BusinessDesk) - The government expects primary industry export revenue will rise 7.1 percent to $45.7 billion in the June year, but predicts growth will be flatter in the future. The lift marks the "second straight year of substantial export grow...
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