WELLINGTON, March 11 (Reuters) - Manufacturing activity in New...

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    WELLINGTON, March 11 (Reuters) - Manufacturing activity in New Zealand eased in February but remains robust, a survey showed on Friday.

    The Bank of New Zealand-Business NZ's seasonally adjusted Performance of Manufacturing Index (PMI) fell to 56.0 from 58.0 in the prior 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.

    All of the main indices were above 50.0, with the exception of employment, which showed a slight contraction.

    "We would be more concerned by the dip in the employment indicator this month if it were not for very strong new orders and ongoing underlying strength in broader spending indicators," said BNZ senior economist Doug Steel.

 
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