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A survey released on Friday found that New Zealand’s manufacturing sector expanded at a slower pace in November.
The seasonally adjusted Performance of Manufacturing Index (PMI) of the Bank of New Zealand-Business NZ was 50.6 in March, down from 54.3 the previous month.
A reading greater than 50 indicates an increase in activity, while anything less than that indicates a decrease in activity.
Story by : Norvisi Mawunyegah