Autumn tinge – PMI

From businessnz.org.nz

New Zealand's level of manufacturing expansion experienced a dip in June, according to the BNZ - BusinessNZ Performance of Manufacturing Index (PMI). The seasonally adjusted PMI for June was 52.8 (a PMI reading above 50.0 indicates that manufacturing is generally expanding; below 50.0 that it is declining). This was 1.6 points lower than May, and the lowest level of monthly expansion since December 2017, which stood at 51.0. BusinessNZ's executive director for manufacturing Catherine Beard said that the slow-down in expansion was mainly due to ongoing drops in a key sub-index. "Production (51.8) experienced another ... (full story)