Manufacturing activity in New Zealand contracted in December, according to BusinessNZ. The Bank of New Zealand-Business NZ’s seasonally adjusted Performance of Manufacturing Index (PMI) fell to 49.3 from 51.2 in the previous month. A reading above 50 indicates an expansion in activity, while anything below that threshold indicates a contraction. BusinessNZ’s executive director for manufacturing … Continue reading New Zealand manufacturing activity contracts
The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI) climbed 4.7 points to 56.7 in August, indicating faster growth across the manufacturing sector. Ai Group Chief Executive Innes Willox said the rebounded PMI in August places Australia on the cusp of two years of uninterrupted expansion. “The manufacturing sector has confounded doubters in … Continue reading Manufacturing rebounds in August despite drought impacts
The Australian Industry Group Australian Performance of Manufacturing Index has found that the industry registered its eighth straight month of contraction in October.