New Zealand manufacturing sector again edges lower in August
NZ50
+0.30%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
WELLINGTON (Reuters) — New Zealand’s manufacturing sector contracted again in August and is well below its long-term average, a survey showed on Friday.
The Bank of New Zealand-BusinessNZ’s seasonally adjusted Performance of Manufacturing Index (PMI) fell to 46.1 in August from a revised 46.6 in July. New orders edged higher to 46.6 from 45 in the prior month.
A reading above 50 indicates manufacturing activity is expanding, while anything below that threshold points to contraction.
The August result told the tale of another tough month for the sector, BusinessNZ’s director of advocacy, Catherine Beard, said in a statement.