James Weir at Stuff reports that the Manufacturing Crisis is getting totally out of hand…
…for Labour and the Greens, that is
Manufacturing is on a strong run, picking up more steam in October after expanding every month for almost a year, a survey shows.
The strength in manufacturing has been led by a high level of new orders and suggests the overall economy could grow faster than expected later this year.
The latest BNZ-BusinessNZ survey for October shows the seasonally adjusted performance of manufacturing index was 55.7, up 1.5 points from September. An index above 50 indicates the sector is expanding and below 50 it is contracting.
The sector has been expanding for 11 months in a row, and the result for last month was the best for any October since 2007, before the global financial crisis.
To the life boats! Read more »