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Building blocks – PMI
New Zealand's manufacturing sector saw another lift in expansion for August, according to the latest BNZ - BusinessNZ Performance of Manufacturing Index (PMI). The seasonally adjusted PMI for August was 54.9 (a PMI reading above 50.0 indicates that manufacturing is generally expanding; below 50.0 that it is declining). This was 1.4 points higher than July, and the highest level of activity since July 2021. BusinessNZ's Director, Advocacy Catherine Beard said that the August result represented the second consecutive month being above the long-term average of 53.1 for the survey. "Looking at the sub-index results, the ... (full story)