The manufacturing sector in New Zealand moved into expansion territory in July, the latest survey from BusinessNZ showed with a manufacturing PMI score of 52.7. Thats up from the upwardly revised 50 (originally 49.7) and it moves above the boom-or-bust line of 50 that separates expansion from contraction. Individually, employment (52.6) and new orders (50.5) expanded, while finished stocks and deliveries (both 49.4) and production (49.0) contracted.Powered by Commodity Insights
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