Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Reuters
Reuters
Business

New Zealand manufacturing activity expands at slower pace in February

FILE PHOTO - Construction workers unload equipment at a building site for a residential apartment block in central Wellington, New Zealand, July 3, 2017. REUTERS/David Gray

Manufacturing activity in New Zealand saw a slower rate of expansion during February amid COVID-19 lockdowns in the biggest city Auckland, a survey showed on Friday.

The Bank of New Zealand-Business NZ's seasonally adjusted Performance of Manufacturing Index (PMI) dropped to 53.4 from 58.0 in the previous month.

A reading above 50 indicates an expansion in activity, while anything below that threshold indicates a contraction.

(Reporting by Praveen Menon; Editing by Chris Reese)

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Metallica add 16 dates to Las Vegas Sphere residency
Metallica have added 16 dates to their Las Vegas Sphere residency, bringing it to a total of 24 shows.
BANG Premier
BANG Premier
Grow Beanstalk for Brainrots Mutations – Multipliers & How to Get
As you climb the Beanstalk and explore different areas of the map, you’ll see a few brainrots with unique appearances. These will also have a higher
Pro Game Guides
Pro Game Guides
"If you don't really get the concept of wanting to sing sad songs in the dark, you are never going to be a fan of this band, ever." The story behind the "nursery rhyme" 90s alt. rock classic covered by Metallica for one night only
"It's a song for people that know what it is like to live on the dark side of life"
Louder
Louder
Conspiracy Theory About Jay-Z, Beyoncé's Surrogate Farm Resurfaces Amid Couple's 'Scandalous' Age Gap
Explore the controversies surrounding Jay-Z and Beyoncé, including the alleged surrogate farm in India and their age gap.
International Business Times UK
International Business Times UK
“I said, ‘Where is it from?’ He says, ‘I don’t know. It’s been here for the last 20 or 25 years...’” Jake E. Lee was on tour with Ozzy Osbourne when he stumbled upon the gear bargain of a lifetime
The elusive find was covered in dust but it worked perfectly – and Lee picked it up for a steal
Guitar World
Guitar World
Joni Mitchell's Eclectic Shelf Styling Inspired Graham Nash's '70s Hit, 'Our House' – Step Inside Her Stunning Laurel Canyon Home
Multi-colored, antique glass on shelves by Joni Mitchell's '60s windows were immortalized as part of music history – explore her impactful technique
Homes & Gardens
Homes & Gardens
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play