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New Zealand's Business NZ Purchasing Manager's Index (PMI) climbed to 47.3 in January, but still remains stuck in contraction territory after a meager lift from the previous month's 43.1.
New Zealand's manufacturing activity improved in January, but still remained in contraction for the eleventh straight month, a survey showed on Friday. The Bank of New Zealand-Business... -February 15, 2024 at 04:40 pm EST - MarketScreener
The manufacturing sector in New Zealand continued to contract in January, albeit at a slower rate, the latest survey from BusinessNZ revealed on Friday with a Performance of Manufacturing Index score of 47.
China's imports of major commodities have made a strong start to the new year, but caution is warranted in reading too much into the robust January figures because of the potential influence of the upcoming Lunar New year holidays.
A reading on U.S. manufacturing activity unexpectedly increased in the month of January but continues to indicate contraction, according to a report released by the Institute for Supply Management on Thursday.