New Zealand's manufacturing index rose to 59.2 in May, the highest
reading since June 2004, from 55.2 in April. Readings above 50 indicate
expansion in activity. Manufacturing activity rose to its highest level
in almost nine years in May, results of a survey by BNZ and BusinessNZ
showed Friday. Looking at the May results, the value was the highest
since the survey began in 2002.
New orders again led the way with its
highest result since July 2004. This was followed by production, which
was at a similar level to February this year. Employment increased
during the month to record its strongest result since November 2007.
Source by Commodity Insights
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