New Zealand Manufacturing Expands for 15th Straight Month
New Zealand's manufacturing sector expanded for a 15th consecutive month in September, according to the latest industry survey reported by RNZ Business on October 17, extending one of the longest growth streaks the sector has recorded in recent years. Survey compilers pointed to steadier order books and improving business confidence as key drivers of the sustained expansion.
The data suggests factory activity has stabilised after a prolonged downturn earlier in the economic cycle. The streak offers a modest bright spot for New Zealand's broader economy, which has faced pressure from high living costs and sluggish consumer spending.
Economists said a sustained run of manufacturing growth can support wider employment and export activity, though momentum could be tested if global demand weakens or borrowing costs stay elevated for longer than expected. (GSM, based on RNZ Business reporting)
Source: GSM · USA (original Chinese edition)
Photo: 奥克兰城市与海港。 Photo by Christian Mehlführer, User:Chmehl, Wikimedia Commons, CC BY 2.5.
