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Reuters
Reuters
Business

New Zealand manufacturing activity slows to 57.2 in October - BNZ survey

FILE PHOTO: Construction workers unload equipment at a building site for a residential apartment block in central Wellington, New Zealand, July 3, 2017. REUTERS/David Gray /File photo

WELLINGTON (Reuters) - Manufacturing activity in New Zealand slowed in October due to a slow-down in food production and manufacturing hiring, a survey showed on Friday.

The Bank of New Zealand-Business NZ's seasonally adjusted Performance of Manufacturing Index (PMI) fell 0.4 points from the previous month to 57.2

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

(Reporting by Charlotte Greenfield)

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