New Zealand BusinessNZ PMI dropped to 26.1, production and new orders hardest hit

<p>New Zealand BusinessNZ Performance of Manufacturing Index dropped -11.9 to 26.1 in April. That’s the lowest level on record since the survey began, with prior low at 36.1 record in November 2008 during the global financial crisis. Production (down from 31.4 to 19.8) and new orders (down from 36.6 to 17.8) were particularly hit hard. […]</p>
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