Economic data from New Zealand continues to pick up steam following the first quarter GDP results last week. Manufacturing continued to expand in May at an accelerated pace, data from Business NZ showed on Friday. The index expanded to 57.1 - higher than April's 56.6 and still safely above 50, indicating expansion in the sector. Within the manufacturing index, production jumped to 61.1 and new orders in the manufacturing sector expanded to 59.90. The upbeat numbers continue to positive GDP expectations in the second quarter of 2016.
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Daily Analysis - 20/06/2016