Economic Buzz: New Zealand manufacturing sector growth eases in Oct-26

New Zealand manufacturing sector growth eased in October as businesses coped with higher fuel prices and uncertainty ahead of the election. The BNZ-Business New Zealand performance of manufacturing index (PMI) eased to 54.9 from 56.3 in September. A reading above 50 shows the sector was expanding, which it has been doing for the past 16 months and reflected that momentum in manufacturing is firmly positive.

Powered by Commodity Insights