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Reuters
Reuters
Business

New Zealand manufacturing activity picks up in September

FILE PHOTO: Worker Noa Utumaru checks the production line at the factory of the Australian company Impact International, located in western Sydney, Australia, February 6, 2017. REUTERS/David Gray

Manufacturing activity in New Zealand picked up in September due to a boost in activity after a coronavirus lockdown in Auckland, its largest city, was lifted, a survey showed on Friday.

The Bank of New Zealand-Business NZ's seasonally adjusted Performance of Manufacturing Index (PMI) was 54.0, from 50.7 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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