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New Zealand manufacturing activity jumps in April: BNZ survey
[WELLINGTON] Manufacturing activity growth in New Zealand made the largest jump in two years in April, a survey showed on Friday.
The Bank of New Zealand-Business NZ's seasonally adjusted Performance of Manufacturing Index (PMI) leapt to 58.9 from 52.2 the previous month, picking up from a slow down in recent months.
A reading above 50 indicates an expansion in activity, while anything below that threshold indicates a contraction.