NZ BNZ PMI fell to 47.5, sector remains entrenched in contraction

New Zealand’s manufacturing sector is experiencing a continuous contraction according to BusinessNZ Performance of Manufacturing Index. The Index showed a drop from 48.7 in May to 47.5 in June, marking another month of activity below the crucial 50.0 point mark which separates expansion from contraction. An analysis of the sub-indices revealed mixed performances across different […]

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