New Zealand’s manufacturing activity rose sharply in June as businesses reported a renewed sense of confidence amid stronger sales and fuller order books despite the conflict in the Middle East and cost-of-living pressures.
Manufacturing Index Details
The Bank of New Zealand-BusinessNZ’s seasonally adjusted Performance of Manufacturing Index climbed to 59.7, its strongest reading since July 2021, from a revised 51.3 in May. A reading above 50 indicates manufacturing activity is expanding, while anything below that threshold points to contraction.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
