In a recent development, New Zealand has observed a minor rise in its Business NZ Performance of Manufacturing Index (PMI), which inched up to 45.8 in August 2024 from the previous 44.0 recorded in July. This latest data was updated on 12th September 2024.The slight uptick suggests a mild recovery in the manufacturing sector, although the index still remains below the crucial 50.0 mark that separates contraction from expansion. This change indicates that while the manufacturing downturn persists, the rate of decline has decelerated slightly from the previous month.Market analysts are cautiously optimistic about the future, anticipating further measures from both government and industry stakeholders to shore up the manufacturing sector and stimulate broader economic growth. The gradual improvement in the PMI could signal the onset of more stable industrial conditions in the months ahead.The material has been provided by InstaForex Company – www.instaforex.com
- Vista Outdoor To Sell Revelyst, Kinetic Units For $3.4 Bln Cash - October 5, 2024
- Activist Investor Mantle Ridge Holds Over $1 Bln Stake In Air Products, Aiming For Improvement - October 5, 2024
- Tencent And Guillemot Family Explore Potential Buyout Of Ubisoft Amid Market Value Decline : Report - October 5, 2024
