 BusinessNZ Manufacturing PMI dribbles even further into contraction, comes in at 47.2 in December:November revised to 47.2 alsoFrom the report, a not optimistic outlook. NZ analysts are expecting a recession this year, and for the RBNZ to hike into it with inflation still wat above target:BNZ Senior Economist, Doug Steel stated that the latest PMI result broadly fits with the clear decline we already expect for manufacturing GDP in Q4 with further slippag... 