New Zealand Manufacturing Sector Slows In July - BusinessNZ
(RTTNews) - The manufacturing sector in New Zealand continued to expand in July, albeit at a slower pace, the latest survey from BusinessNZ showed on Friday with a manufacturing PMI score of 51.2.
That's down from the downwardly revised 52.7 reading in June (originally 52.8), although it remains above the boom-or-bust line of 50 that separates expansion from contraction.
Among the main indices, deliveries, finished stocks, new orders and employment all were in expansion territory.
Production remained in contraction at 49.0, sitting at its weakest reading since May 2015.