New Zealand's manufacturing sector experienced an increase in expansion for April, according to the latest BNZ - BusinessNZ Performance of Manufacturing Index (PMI). The seasonally adjusted PMI for April was 53.0 (a PMI reading above 50.0 indicates that manufacturing is generally expanding; below 50.0 that it is declining). This was 1 point up from March, and close to the value experienced in January. BusinessNZ's executive director for manufacturing Catherine Beard said that while the improvement in activity for April was welcome, the underlying trend still remains a concern. "Seasonally adjusted values over the ... (full story)