New Zealand’s manufacturing sector remains at a consistent level of solid expansion, with a seasonally adjusted PMI for February at 56.2.
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.
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.
Continued high levels of new orders ensured the manufacturing sector remained in expansion, with a seasonally adjusted PMI for September at 54.3.
Manufacturing activity continues to push forward with another healthy month of expansion for August, with a seasonally adjusted PMI for August at 57.5.
Manufacturing activity for July continued the trend of healthy expansion in the sector, with a seasonally adjusted PMI for July at 59.5.
Results for the month of June confirm a solid and expansionary first half of the year for the manufacturing sector, with a seasonally adjusted PMI for June at 54.7.
The manufacturing sector recorded its highest level of activity for almost nine years with a seasonally adjusted PMI for May at 59.2.
Continued momentum for new orders in the manufacturing sector contributed to a lift in the sector’s expansion rate. The seasonally adjusted PMI for April was 54.5.
The month of March finished off a healthy quarter of growth for New Zealand’s manufacturing sector with a seasonally adjusted PMI for March at 53.4.