New Zealand manufacturing activity rises in June
Add BT as a preferred sourcePublished 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
Share with us your feedback on BT's products and services
