The manufacturing sector in New Zealand continued to expand in December, and at a faster rate, the latest survey from Business NZ showed on Thursday with a 14-month high PMI score of 56.7.
That’s up from 54.9 in November, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.
Among the individual components of the survey, new orders, deliveries, production and finished stocks all continued to expand.
For all of 2015, the index score was 54.2 – down from 56.0 in each of the previous two years, owing to a slow first half.
The material has been provided by InstaForex Company – www.instaforex.com