New Zealand manufacturing activity dips in November -Breaking
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© Reuters. FILE PHOTO: Containers sit stacked at a port terminal with residential homes on a hill behind in Wellington, New Zealand, July 2, 2017. Image taken July 2, 2017. REUTERS/David GreyWELLINGTON (Reuters) – New Zealand’s manufacturing sector noticed a decrease stage of enlargement for November, a survey confirmed on Friday.
The Financial institution of New Zealand-Enterprise NZ’s seasonally adjusted Efficiency of Manufacturing Index (PMI) was 50.6, down from 54.3 within the earlier month.
A studying above 50 signifies an enlargement in exercise, whereas something under that threshold signifies a contraction.
(Repoting by Praveen Menon; enhancing by xxxx)
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