New Zealand manufacturing activity picks up in September

Manufacturing activity in New Zealand picked up in September due to a boost in activity after a coronavirus lockdown in Auckland, its largest city, was lifted, a survey showed on Friday.

WELLINGTON, Oct 16 (Reuters) - Manufacturing activity in New Zealand picked up in September due to a boost in activity after a coronavirus lockdown in Auckland, its largest city, was lifted, a survey showed on Friday.

The Bank of New Zealand-Business NZ's seasonally adjusted Performance of Manufacturing Index (PMI) was 54.0, from 50.7 in the previous month.

A reading above 50 indicates an expansion in activity, while anything below that threshold indicates a contraction.

(Reporting by Praveen Menon; Editing by Leslie Adler)

((praveen.menon@thomsonreuters.com; +6448028163; Reuters Messaging: praveen.menon.thomsonreuters.com@reuters.net; Twitter: https://twitter.com/Journopraveen))

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