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Reuters

New Zealand manufacturing activity slows slightly in November - BNZ

FILE PHOTO: Houses and apartment blocks can be seen behind containers stacked on a dock in Wellington, New Zealand, July 2, 2017. Picture taken July 2, 2017. REUTERS/David Gray

WELLINGTON (Reuters) - Manufacturing activity in New Zealand slowed slightly in November but remained around its long-term average levels, a survey showed on Friday.

The Bank of New Zealand-Business NZ's seasonally adjusted Performance of Manufacturing Index (PMI) edged down by 0.2 points from the previous month to 53.5.

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

(Reporting by Charlotte Greenfield; Editing by Toby Chopra)

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