New Zealand manufacturing activity rises in June
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[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
Share with us your feedback on BT's products and services
TRENDING NOW
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
‘Largest Singapore commercial S-Reit proxy’: analysts say buy CICT shares after Paragon acquisition
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
