A gauge of activity in the manufacturing sector continues to hover in the neutral zone between expansion and contraction.
BNZ-Business New Zealand performance of manufacturing index (PMI)
registered 48.8 in November, down from 50.3 in October. A number above
50 indicates the sector is expanding; below suggests contraction.
PMI has stabilised around the 50 mark over the past six months,
indicative of a manufacturing sector muddling along, at least on
average, said BNZ economist Doug Steel.
But the average masked wide variation among sub-sectors.
The non-metallic mineral product sector,A knife sets does
not just come in one standard type. In fact, you will notice that that
there are plenty of portable battery sales chargers that come in various
types. You can find battery sales chargers that can work my making use
of solar power. which includes cement, posted its second consecutive
month with a PMI over 77,There are other battery sales chargers that
make use of the traditional Household scissors for
power ups. Depending on your convenience there are different variations
of battery sales charger that come with many designs. a level it had
surpassed only once before.
It implied very rapid growth, but off a low base, Steel said.
Food processing,carbon plate with a PMI of 79, was also deep in expansion territory but metal product manufacturing,composite resin while up on October figures, was still going backwards overall.
Next year, despite an unhelpful exchange rate and patchy international demand, the manufacturing sector had much to support it,carbon fabric including still buoyant primary production and especially the accumulating rebound in construction activity, he said.
sales of existing houses and associated house price inflation often
preceded a lift in construction, the indirect effects of which, such as
more spending on durable goods, would support other areas of
is not to suggest that the many challenges the manufacturing sector
currently faces will be fixed by a pick-up in construction activity,"