New Zealand BusinessNZ PMI recovered to 39.7, negative tone remains evident

<p>New Zealand BusinessNZ Performance of Manufacturing Index rose to 39.7 in May, up from April’s 25.9. Looking at some details, productions improved notably from 19.1 to 38.4. New orders rose from 16.9 to 40.0. Finalized stocks rose from 37.7 to 41.3. Deliveries rose form 25.2 to 41.1. However, employment edged down from 41.1. to 39.4. […]</p>
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