Manufacturing activity in New Zealand experienced a second consecutive month in contraction in January, a survey showed on Friday.
The Bank of New Zealand-Business NZ's seasonally adjusted Performance of Manufacturing Index (PMI) for January was 49.6 compared with a revised 49.2 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 Sandra Maler)
