WELLINGTON, Feb 17 (Reuters) - Manufacturing activity dipped in January from the previous month as bad weather and the holiday season dented production, a survey showed on Friday.
The Bank of New Zealand-Business NZ's seasonally adjusted Performance of Manufacturing Index (PMI) fell 2.6 points from December to 51.6, its slowest rate of expansion for two years.
A reading above 50 indicates an expansion in activity, while anything below that indicates a contraction.
