FILE PHOTO: Containers sit stacked at a port terminal with residential houses on a hill behind in Wellington, New Zealand, July 2, 2017. Picture taken July 2, 2017. REUTERS/David Gray
December 9, 2021
WELLINGTON (Reuters) – New Zealand’s manufacturing sector saw a lower level of expansion for November, a survey showed on Friday.
The Bank of New Zealand-Business NZ’s seasonally adjusted Performance of Manufacturing Index (PMI) was 50.6, down from 54.3 in the previous month.
A reading above 50 indicates an expansion in activity, while anything below that threshold indicates a contraction.
(Repoting by Praveen Menon; editing by xxxx)
Source: One America News Network
