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    11.03.2016 10:11 Business NZ performance of manufacturing index for New Zealand declines to 56.0 in February

    According to the Business NZ Survey published on late Thursday evening, the Business NZ performance of manufacturing index (PMI) for New Zealand declined to 56.0 in February from 57.9 in January.

    A reading above 50 indicates expansion in the manufacturing sector.

    The decline was mainly driven by drops in new orders and production.

    Business NZ's executive director for manufacturing, Catherine Beard, said that the expansion was still healthy in the sector.


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