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New Zealand manufacturing contracts in May amid economic uncertainties
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[Reported by Epoch Times reporter Li Jingchu from Auckland, New Zealand] According to RNZ on June 10, the impact of the economic recession has intensified in recent months, and life has been difficult for New Zealanders. But the extent of the impact varies from region to region. Simplicity chief economist Shamubil Ekubu said that the difference in prosperity in different regions is driven by economic opportunities. Geographic location, industry …
NZ BNZ manufacturing fall to 47.5, slumps back into contraction - Action Forex
New Zealand’s manufacturing sector slipped sharply back into contraction in May, with the BusinessNZ Performance of Manufacturing Index plunging from 53.3 to 47.5. The reading not only marks a decisive reversal from April’s expansion but also sits well below the historical average of 52.5. Key components of the index showed broad-based weakness: production dropped from […] The post NZ BNZ manufacturing fall to 47.5, slumps back into contraction …
New Zealand manufacturing contracts in May amid economic uncertainties
Manufacturing activity in New Zealand fell back into contraction in May, after four straight months of expansion, because of weak demand, rising costs and low business confidence amid global economic uncertainties, a survey showed on Friday.
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