Scoop has an Ethical Paywall
Manufacturing conditions remain steady
Manufacturing conditions remain steady
Manufacturing showed moderate expansion in February, according to the latest ANZ-Business NZ Performance of Manufacturing Index (PMI).
The New Zealand PMI for February was 53.0, up 1.4 points from January. This follows a decline in the PMI during December and January, and is consistent with a seasonal decline in manufacturing activity over the Christmas period. All component indexes showed expansion, led by the production sub-index, which stood at 55.1 (up 2.1 points from January).
The PMI (Performance of Manufacturing Index) surveys manufacturing activity in a format that allows for comparisons with other manufacturing nations. A PMI reading above 50 points indicates expansion and below 50 indicates decline. The distance from 50 is indicative of the strength of the expansion or decline.
The February survey reported manufacturers'
concerns about the high NZ dollar, the drought in Australia
(a country which accounts for over one-third of New
Zealand's basic manufacturing sector exports), and high,
volatile electricity prices.
Google Threat Intelligence Group - GTIG: Google Threat Report Warns AI-Driven Cyber Operations Are Scaling Across Global Threat Landscape
Commerce Commission: Baseline Research Report On The State Of Competition In New Zealand
University of Auckland: Junk Food Designed To Make Us Eat More, Study Finds
Spark: New Report Sets Out Outcomes-Led Approach To Lift Rural Connectivity Using The Right Mix Of Technologies
Bill Bennett: Fixed Voice Rules Head For Deregulation
UN Department of Global Communications: United Nations Proposes New Global Dashboard To Measure Progress Beyond GDP
