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New Zealand’s manufacturing PMI on a ‘downward spiral’ in October

Market activity in New Zealand’s manufacturing industry has gone on a downward spiral into contraction in October, according to the latest BusinessNZ Performance of Manufacturing Index (PMI). 
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What spending reveals about downstream consumer demand for manufactured goods

For manufacturers supplying consumer-facing markets, understanding demand conditions has become increasingly important in an environment shaped by cautious spending, rising costs and intense competition.