New Zealand Manufacturing Sector Continues To Expand

(RTTNews) - The manufacturing sector in New Zealand expanded at an accelerated pace in December, the latest survey from Business-NZ revealed on Thursday, with a PMI score of 57.7.

That's up from the revised 55.6 in November, and it moves further above the boom-or-bust score of 50 that separates expansion from contraction.

By region, the Northern, Canterbury and Otago-Southland all continued to expand, although the Central Region slipped into contraction for the first time since August.

Among the individual components, food, machinery, metal and petroleum manufacturing all remained in expansion territory.