none

NZ manufacturing activity slows

31-08-2010
by 
in 

 

New Zealand’s manufacturing sector fell in June, shedding the previous month’s gains, though activity continued to expand.

The BNZ-BusinessNZ Performance of Manufacturing Index fell a seasonally adjusted 5.6 points to 50.2 in June from a month earlier.

That’s the lowest June reading since 2009. A reading of 50 separates a contraction from an expansion.

Four of the five of the sub-indexes fell, led by production which dropped 8 points to 50.8 and new orders which sank 6 points to 51.2.

Employment slipped into contraction on 48.9 points, followed by deliveries down 5.5 points to 46.5. That’s its lowest level since October last year.

Finished stocks was little changed at 50.3 points.

Activity in machinery and equipment manufacturing, petroleum, coal, chemical and associated product tobacco and food, beverages all contracted in June.

Related news & editorials

  1. 15.11.2018
    15.11.2018
    by      In
    It’s less than a year since Lapp Australia started trading, but the company has swiftly established itself in the local market, with significant penetration in sectors such as food and beverage, manufacturing, solar, sound and stage production, electrical contracting, machine building and... Read More
  2. 12.11.2018
    12.11.2018
    by      In
    Energy Vault has developed a novel solution to storage for renewable energy plants that involves neither batteries nor water.
    The Energy Vault system is based on the fundamental physics of potential and kinetic energy, and uses a proprietary, cloud-based software platform to operate a newly... Read More
  3. 07.11.2018
    07.11.2018
    by      In
    With a combination of its industry-leading fans and energy-efficient lighting products, Big Ass is improving working conditions in Australia and around the globe.
    Blazing Queensland temperatures and humidity were creating uncomfortable working conditions at XL Service Bodies, an industry-leading... Read More
  4. 07.11.2018
    07.11.2018
    by      In
    ABB has thrown its weight behind the OPC Foundation in its bid to define the worldwide industrial interoperability standard. The new Open Platform Communication Unified Architecture (OPC UA) standard has the potential to enable industrial players to unlock the full potential of Industry 4.0.
    OPC UA... Read More