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WELLINGTON – New Zealand’s manufacturing sector saw a lower level of expansion for November, a survey showed on Friday.
The Bank of New Zealand-Business NZ’s seasonally adjusted Performance of Manufacturing Index (PMI) was 50.6, down from 54.3 in the previous month.
A reading above 50 indicates an expansion in activity, while anything below that threshold indicates a contraction.
(Repoting by Praveen Menon; editing by xxxx)
