10 Dec 2009

Manufacturing activity further expands

12:15 pm on 10 December 2009

Manufacturing activity has expanded for the third month in a row.

The BNZ Capital-Business New Zealand Performance of Manufacturing Index rose to 51.8 in November, up 1.3 points from October.

A PMI reading above 50 indicates manufacturing activity is expanding

The PMI has increased by nearly 17 points from a low of 34.9, recorded in November last year.