New Zealand's manufacturing sector saw a lift in the level of expansion for February, according to the latest BNZ - BusinessNZ Performance of Manufacturing Index (PMI). The seasonally adjusted PMI for February was 53.6 (a PMI reading above 50.0 indicates that manufacturing is generally expanding; below 50.0 that it is declining). This was 1.3 points higher than January, and above the long-term average of 53.1 for the survey. BusinessNZ's Director, Advocacy Catherine Beard said that there were certainly some positive signs with the February result. However, this needed to be balanced with the wider spread of Omicron ... (full story)