Manufacturing activity in New Zealand dropped to a two-year low

Source: Business Scoop
© scanpics/RS
New Zealand's manufacturing activity plunged to a minimum in two years in January because of a sharp decrease in production for the first time in almost three years. The manufacturing index slipped to 50.9 in January, compared to 57.1 in the preceding month. The new orders reached their three-year low of 50.1, while deliveries slid to 53.4. 
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