12 Mar 2009

Manufacturing activity falls further

12:34 pm on 12 March 2009

Manufacturing activity is now at its second lowest level on record.

The BNZ Capital - Business New Zealand performance of manufacturing index dropped 3.2 points to 38.6 in February, compared with January.

A reading below 50 indicates manufacturing avitivity is shrinking.

The index also shows employment in the sector fell to its lowest-ever level, at 39.5.