WELLINGTON, Jan 21 (Reuters) - Manufacturing activity in New Zealand expanded in December, a survey showed on Thursday.
The Bank of New Zealand-Business NZ's seasonally adjusted Performance of Manufacturing Index (PMI) rose to 56.7 from 54.9 in the previous month. A reading above 50 indicates an expansion in activity, while anything below that threshold indicates a contraction.
The sector has now been in continued expansion since October 2012. "New Zealand’s PMI remains notable for the way it keeps defying the struggle that global manufacturing continues to undergo," said BNZ Senior Economist Craig Ebert.
