New Zealand August Manufacturing Activity Eases
New Zealand manufacturing activity expanded in August at a slower pace than the previous month. The performance index dipped to 53.1 due to cost pressures.
New Zealand's manufacturing sector grew at a slower pace in August as cost-of-living pressures and Middle East conflict weighed on output. The PMI dipped to 53.1 from 54.3 in July. Despite the moderation, the index remains above its 52.5 long-term average.
