Global Economic News

New Zealand Manufacturing Sector Picks Up Steam

The manufacturing sector in New Zealand continued to expand in May, and at a faster rate, the latest survey from Business NZ showed on Friday with a Performance of Manufacturing Index score of 58.5.

That's up from 56.9 in April, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

It marks the highest score since January 2016.

by RTTNews Staff Writer

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