12 Jun 2015

Manufacturing sector slows but still growing

2:48 pm on 12 June 2015

Activity in the manufacturing sector is still growing, but not as fast as it was, with a contraction in production and weakness in the forestry, oil and coal sectors of the economy.

The BNZ-Business New Zealand Performance of Manufacturing Index is little changed - down 0.2 points to 51.5 in May, from the previous month.

A reading above 50 indicates expansion.