Global Economic News

New Zealand Manufacturing Sector Expands In June - Business NZ

The manufacturing sector in New Zealand continued to expand at an accelerated pace in June, the latest survey from Business NZ showed on Thursday, with a Performance of Manufacturing Index score of 55.2.

That was up from the upwardly revised 52.0 in May (originally 51.5), and it moved further above the boom-or-bust line of 50 that separates expansion from contraction.

The June reading marked the first increase in four months, spurred by gains in new orders and production.

by RTTNews Staff Writer

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