The BNZ-BusinessNZ seasonally adjusted PMI for June stood at 54.7, which was 4.3 points lower than May, but still in solid expansionary mode. Compared with previous June results, the 2013 value was the highest since the June 2004 result. Overall, the first half of 2013 has averaged a healthy 55.7, compared with only 49.6 for the previous six months.
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