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Reuters

New Zealand manufacturing activity picks up in November

Manufacturing activity in New Zealand picked up in November to its highest level of expansion since July, a survey showed on Friday.

The Bank of New Zealand-Business NZ's seasonally adjusted Performance of Manufacturing Index (PMI) rose to 55.3 from 51.7 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 Leslie Adler)

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