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New Zealand performance of manufacturing index unchanged

Christian Fernsby ▼ | October 14, 2019
New Zealand BusinessNZ Performance of Manufacturing Index was unchanged at 48.4 in September, signaling same rate of contraction in the sector.
New Zealand
New Zealand   BusinessNZ Performance of Manufacturing Index was unchanged 48.4
The sub-index of new orders (50.1) recovered from its decline in August to just keep its head above water for September.

Topics: New Zealand manufacturing

Also, employment (50.0) showed no change following four consecutive monthly declines.

However, the weak new order results in recent months meant production (46.2) fell to its lowest result since April 2012.

In addition, deliveries of raw materials (46.4) fell to its lowest since March 2011.


 

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