The manufacturing sector in New Zealand continued to expand in July. And at a faster pace, the latest survey from BusinessNZ revealed on Friday with a Performance of Manufacturing Index score or 62.6.
That's up from 60.7 in June and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.
This was the third time in five months that the PMI posted a result over 60.0. While the key sub-index values of Production (66.0) and New Orders (65.0) both showed further expansion from June, Employment (58.3) recorded its highest ever result over the history of the survey.
The material has been provided by InstaForex Company - www.instaforex.com
source http://www.mt5.com/forex_news/quickview/2181125/
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