New Zealand manufacturing activity edges up in August
[WELLINGTON] Manufacturing activity in New Zealand rose slightly in August due to a rise in new orders and employment, a survey showed on Friday.
The Bank of New Zealand-Business NZ's seasonally adjusted Performance of Manufacturing Index (PMI) rose to 55.0 from an upwardly revised 53.7 the previous month.
A reading above 50 indicates an expansion in activity, while anything below that threshold indicates a contraction.
Three of the five sub-indices rose, with finished stocks also increasing, while deliveries and production fell.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons