New Zealand manufacturing activity rises in June

Published Wed, Jul 15, 2015 · 11:12 PM

[WELLINGTON] Manufacturing activity in New Zealand rose in June due to higher production and new orders, a survey showed on Thursday.

The Bank of New Zealand-Business NZ's seasonally adjusted Performance of Manufacturing Index (PMI) rose to 55.2 from an upwardly revised 52.0 the previous month.

A reading above 50 indicates an expansion in activity, while anything below that threshold indicates a contraction.

Four of the five sub-indices increased, with employment and deliveries also rising, while finished stocks eased.

REUTERS

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International

International

New Zealand manufacturing activity rises in June

International

When US diplomats visit China, meal choices are about more than taste buds

China’s first-quarter industrial profits rise at slower pace

Laid-back vibe, stunning beaches, rich cuisine and low cost of living lure more expat retirees to Malaysia

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Central banks will probably only cut half as much as they hiked

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