The New Zealand economy issued the PMI manufacturing during the month of February, where the value of the index came at 57.7, compared with the previous reading during January at 50.8, where the February reading considered the highest in almost two years.

Worth to mentioning that the reading above 50 indicates an improvement and recovery in the industrial activity in New Zealand, especially that the support comes from the recovery in the production index and new orders, indicating a strong direction of the manufacturing sector in New Zealand during the coming period.