- Up to 48.2 from (previous 47.2 revised to 47.4).
“While the data are worryingly weak-looking, they are about current conditions more than the way ahead,” said BNZ senior economist Craig Ebert.
Of the index’s five sub-indices only finished stocks was in expansion territory, although there were gains in production, employment, and deliveries.
New orders fell further into contraction to their lowest level in three years.-rtrs
NZD/USD trading unchanged from opening levels now at 0.8162/65.
