New Zealand"s manufacturing sector saw a lower level of expansion for November, a survey showed on Friday. The Bank of New Zealand-Business NZ"s seasonally adjusted Performance of Manufacturing Index (PMI) was 50.6, down from 54.3 in the previous month. A reading above 50 indicates an expansion in activity, while anything below that threshold indicates a contraction. Repoting by Praveen Menon; editing by xxxx Our Standards: The Thomson Reuters Trust Principles.