The manufacturing sector experienced its fourth consecutive increase in expansion levels during September, with a seasonally adjusted PMI for September at 58.1.
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 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
New Zealand’s manufacturing sector remains at a consistent level of solid expansion, with a seasonally adjusted PMI for February at 56.2.
New Zealand’s manufacturing sector started 2014 on a healthy note, with a seasonally adjusted PMI for January at 56.2.
NZ’s manufacturing sector ended the year on a healthy note, and the first time since 2007 that every month recorded expansion in activity, with a seasonally adjusted PMI for December at 56.4.
New Zealand’s manufacturing sector remained in a firm grip of expansion as activity in the sector rose during November, with a seasonally adjusted PMI for November at 56.7.
New Zealand’s manufacturing sector recorded its 11th consecutive month in expansion as activity in the sector rose during October, with a seasonally adjusted PMI for October at 55.7.