Global Economic News

New Zealand Manufacturing Sector Accelerates In March

The manufacturing sector in New Zealand picked up steam in March, the latest survey from Business NZ showed on Thursday with a Performance of Manufacturing Index score of 57.8.

That's up sharply from 55.7 in February, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

The March reading also marks a 14-month high for the index.

Individually, a surge in production and new orders fueled the rally.

by RTTNews Staff Writer

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