12 Apr 2012

Manufacturing sector expanding

12:06 pm on 12 April 2012

The manufacturing sector continues to expand, although not at the pace it was in February.

The BNZ-Business New Zealand Performance of Manufacturing index stood at 54.5 in March - down 3.2 points from February's result.

A reading over 50 indicates the sector is expanding and March's result is the second highest since May last year.

BNZ economist Doug Steel says activity in the sector is picking up off a low base and there are strong signs the improved momentum will be sustained.