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Reuters
Reuters
Business

New Zealand manufacturing expands in October - BNZ

WELLINGTON (Reuters) - Manufacturing activity in New Zealand expanded in October for the first time in four months, a survey showed on Friday.

The Bank of New Zealand-Business NZ's seasonally adjusted Performance of Manufacturing Index (PMI) rose to 52.6 from 48.4 the previous month.

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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