Activity in the manufacturing sector expanded at a slower pace in May.
The BNZ-Business New Zealand Performance of Manufacturing Index reached its highest point for five-and-a-half years in April, but fell 4 points in May, to 54.5.
A reading above 50 indicates the sector is expanding.
Production and new orders continued to expand, but at a slower rate, while employment contracted.
BNZ senior economist Craig Ebert views the dip as a speed bump rather than a general slowdown in expansion.