All News

CORRECTED New Zealand manufacturing activity grows in November, pick up set to continue
(Corrects movement from previous month in second graph, adds detail throughout) By Tina Morrison Dec. 13 (BusinessDesk) – New Zealand manufacturing activity expanded in November, with high orders and lean inventory suggesting the pick-up in production will continue. The BNZ-B...

NZ manufacturing activity grows in November, BNZ-BusinessNZ PMI shows
Dec. 13 (BusinessDesk) – New Zealand manufacturing activity rose in November, extending expansion in the sector for 12 consecutive months, according to the latest BNZ-BusinessNZ PMI. The seasonally adjusted PMI rose 1.8 points to 56.7 in November from October, though the report...

NZ dollar hits new five-year high vs. Aussie after RBA talks down currency, RBNZ to hike
By Tina Morrison Dec. 13 (BusinessDesk) – The New Zealand dollar touched a new five-year high against the Australian dollar after Reserve Bank of Australia governor Glenn Stevens talked down the value of his currency on the same day the New Zealand central bank said local rates...