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New Zealand manufacturing picks up but remains in contraction

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Published Fri, May 10, 2024 · 07:53 AM
    • The Bank of New Zealand-Business NZ’s seasonally adjusted Performance of Manufacturing Index (PMI) rose to 48.9 in April from 46.8 the previous month.
    • The Bank of New Zealand-Business NZ’s seasonally adjusted Performance of Manufacturing Index (PMI) rose to 48.9 in April from 46.8 the previous month. PHOTO: ST FILE

    MANUFACTURING activity in New Zealand picked up in April but still remains in contraction, a survey showed on Friday.

    The Bank of New Zealand-Business NZ’s seasonally adjusted Performance of Manufacturing Index (PMI) rose to 48.9 in April from 46.8 the previous month.

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

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