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Financial News: New Zealand Manufacturing Sector Accelerates In April -

New Zealand Manufacturing Sector Accelerates In April - BusinessNZ

05/10/2018 - 19:35:00 (RTTNews)

(RTTNews) - The manufacturing sector in New Zealand continued to expand in April, and at a faster rate, the latest survey from BusinessNZ revealed on Friday with a two-year high score of 58.9.

That's up from 53.1 in March, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

"It's a move from so-so to outright strong. Of course, we wouldn't want to over interpret one month's result especially as it may have been, in part, artificially boosted by the timing of Easter. But, in the least, April's result suggests the economy has not fallen off the rails," BNZ Senior Economist Doug Steel said.

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