India, June 11 -- The manufacturing sector in New Zealand lipped into contraction territory in May, the latest survey from BusinessNZ revealed on Friday with a Performance of Manufacturing Index score of 49.9.
That's down from 50.5 in April, and it falls beneath the boom-or-bust line of 50 that separates expansion from contraction.
Among the individual components of the survey, employment (49.6) contracted, while production (50) was stagnant and deliveries (51.9), finished stocks (53.8) and new orders (50.1) expanded.
For comments and feedback contact: editorial@rttnews.com
Published by HT Digital Content Services with permission from RTT News....