New Zealand's manufacturing sector experienced a slightly improved level of expansion for February, according to the latest BNZ - BusinessNZ Performance of Manufacturing Index (PMI).
Performance of Manufacturing Index (PMI)
BNZ – BusinessNZ Performance of Manufacturing Index (PMI) is a monthly survey of the manufacturing sector providing an early indicator of activity levels. A PMI reading above 50 points indicates manufacturing activity is expanding; below 50 indicates it is contracting. The main PMI and sub-index results are seasonally adjusted.
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