New Zealand BusinessNZ PMI rose to 58.8, but employment stays in contraction

<p>New Zealand BusinessNZ Performance of Manufacturing Index rose to 58.8 in July, slightly up from 56.2. Looking at some details, productions rose from 58.4 to 61.4. New orders rose from 58.2 to 67.4. However, employment dropped from 48.5 to 46.5. Employment remained weak and stayed in contraction for the 5th straight month. BusinessNZ&#8217;s executive director [&#8230;]</p>
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