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- New Zealand's level of manufacturing expansion experienced a dip in June
New Zealand's level of manufacturing expansion experienced a dip in June
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.
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