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Growth in New Zealand manufacturing to outpace last year

Staff Writer | November 12, 2016
New Zealand's manufacturing sector is on track to growing faster this year than in 2015, according to the latest performance of manufacturing index (PMI).
New Zealand manufacturing
Oceania   The BNZ-Business New Zealand PMI for October
The BNZ-Business New Zealand PMI for October was 55.2, on a scale where above 50 indicates expansion and below 50 contraction.

The reading was 2.3 points down from September, and the third time in four months activity has been in the 55 point range.

The sector remained solidly in expansion in almost all months since October 2012, Business New Zealand executive director for manufacturing Catherine Beard said in a statement.

The results over most of 2016 had been in a fairly consistent zone of expansion.