New Zealand’s manufacturing sector slipped sharply back into contraction in May, with the BusinessNZ Performance of Manufacturing Index plunging from 53.3 to 47.5. The reading not only marks a decisive reversal from April’s expansion but also sits well below the historical average of 52.5. Key components of the index showed broad-based weakness: production dropped from […]
The post NZ BNZ manufacturing fall to 47.5, slumps back into contraction appeared first on Action Forex.
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