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Reuters
Reuters
Business

New Zealand manufacturing activity expands further in July

Manufacturing activity in New Zealand showed further expansion in July as recovery continues for many manufacturers through increased orders and production in full swing, a survey said on Friday.

The Bank of New Zealand-Business NZ's seasonally adjusted Performance of Manufacturing Index (PMI) rose to 58.8 from 56.3 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 Leslie Adler)

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