Friday 13th December 2013 |
Text too small? |
New Zealand manufacturing activity rose in November, extending expansion in the sector for 12 consecutive months, according to the latest BNZ-BusinessNZ PMI.
The seasonally adjusted PMI rose 1.8 points to 56.7 in November from October, though the report and commentary isn't scheduled for release until 10:30am today. The data showed broad-based gains in most sub-indices.
Government figures this week showed manufacturing sales volumes edged up 0.5 percent in the September quarter, with growth in metal products and petroleum and coal products offsetting declines in meat and dairy.
The New Zealand dollar didn't react to headlines citing the PMI, recently trading 82.48 US cents from 82.46 cents immediately before the reports.
BusinessDesk.co.nz
No comments yet
Spark New Zealand appoints new director to the Spark Board
AFT to announce full year results on May 23 2024
CRP - Korella North Takes Another Two Steps Forward
May 3rd Morning Report
ASB workers to strike as bank proposes an effective pay cut
Rising tides, sinking stocks: study explores cost of climate change
May 2nd Morning Report
AGL - Change in Senior Management
Devon Funds Morning Note - 01 May 2024
Rick Christie to step-aside as a non-executive director