New Zealand manufacturing activity expands in July - Reuters

cicingwos.blogspot.com

WELLINGTON, Aug 12 (Reuters) - Manufacturing activity in New Zealand expanded in July, but the manufacturing index remains short of its longterm average, a survey showed on Friday.

The Bank of New Zealand-Business NZ's seasonally adjusted Performance of Manufacturing Index (PMI) nudged up to 52.7 from June's reading of 50.

A reading above 50 indicates an expansion in activity, while anything below that threshold indicates a contraction. The index's longterm average is 53.1.

Reporting by Lucy Craymer; Editing by Leslie Adler

Our Standards: The Thomson Reuters Trust Principles.

Adblock test (Why?)

"activity" - Google News
August 12, 2022 at 05:53AM
https://ift.tt/M1ehTfo

New Zealand manufacturing activity expands in July - Reuters
"activity" - Google News
https://ift.tt/PBKyb6Z
https://ift.tt/QxobwJC

Bagikan Berita Ini