The BNZ - Business NZ seasonally adjusted PMI for June stood at 54.7 , whichwas 4.3 points lower than May, but still in solid expansionary mode. Comparedwith previous June results, the 2013 value was the highest since the June 2004result. Overall, the first half of 2013 has averaged a healthy 55.7, comparedwith only 49.6 for the previous six months. Given the ongoing healthy levels ofactivity in the sector, all five seasonally adjusted main diffusion indices wereagain in expansion for June. Production (55.5) led the way, while new orders(55.1) were close behind. Both these two indices have been the main drivers ofoverall expansion in the sector in recent months. Employment (5 1.9 ) remainedin expansion, although down 3.4 points from the previous month. Deliveries (55.4) remained at a stable level of activity, while finished stocks (52.7 ) alsoexperienced a higher level of activity from May.
Source by Commodity Insights
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