The manufacturing sector experienced improved levels of expansion during February, with a seasonally adjusted PMI for February at 55.9.
Performance of Manufacturing Index (PMI)
BNZ – BusinessNZ Performance of Manufacturing Index (PMI) is a monthly survey of the manufacturing sector providing an early indicator of activity levels. A PMI reading above 50 points indicates manufacturing activity is expanding; below 50 indicates it is contracting. The main PMI and sub-index results are seasonally adjusted.
The manufacturing sector experienced a drop in the rate of expansion for the first month of 2015, with a seasonally adjusted PMI for January at 50.9.
Expansion in the manufacturing sector lifted during the last month of 2014, with a seasonally adjusted PMI for December at 57.7.
Manufacturing activity remained in solid territory during November, although the level of expansion eased back from the previous month, with a seasonally adjusted PMI for November at 55.2.
Employment activity reached its highest level as the manufacturing sector continued to show stronger expansion during October, with a seasonally adjusted PMI for October at 59.3.
The manufacturing sector experienced its fourth consecutive increase in expansion levels during September, with a seasonally adjusted PMI for September at 58.1.
The manufacturing sector experienced its strongest level of activity for five months, with a seasonally adjusted PMI for August was 56.5.
The manufacturing sector continues to show expansion at a moderate but consistent level, with a seasonally adjusted PMI for July at 53.0.
The manufacturing sector remains in expansion mode, despite some aspects of the results that need to be watched closely in the months ahead, with a seasonally adjusted PMI for June at 53.3.
Although still in positive territory, a second consecutive slowdown in expansion meant the manufacturing sector was at similar levels last seen over a year ago, with a seasonally adjusted PMI for May at 52.7.
Despite a dip, New Zealand’s manufacturing sector remains in solid expansion, with a seasonally adjusted PMI for April at 55.2.
Activity in New Zealand’s manufacturing sector continued to march onwards, with a seasonally adjusted PMI for March at 58.4