NZ’s manufacturing sector continued to show upwards momentum since the start of 2013 with a seasonally adjusted PMI for February at 56.3.
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.
NZ’s manufacturing sector started 2013 with an encouraging result. The seasonally adjusted PMI for January was 55.2.
NZ’s manufacturing sector year ended with a flat result with a seasonally adjusted PMI for December at 50.1.
NZ’s manufacturing sector continues to meander along in a tight band as we head towards the end of 2012. The seasonally adjusted PMI for November was 48.8.
NZ’s manufacturing sector returned to a minor level of expansion in October, although the sector remains in a flat state. The seasonally adjusted PMI for October was 50.5.
Despite a slight improvement from the previous month, NZ’s manufacturing sector remained stubbornly in contraction during September, with a seasonally adjusted PMI for September at 48.2.
NZ’s manufacturing sector fell further in contraction during August, with a seasonally adjusted PMI for August at 47.2.
NZ’s manufacturing sector remains largely in a holding pattern, with a seasonally adjusted PMI for July at 49.4.
Manufacturing activity produced a mid-year flat patch, which was in line with offshore movements, with a seasonally adjusted PMI for June at 50.2.
Manufacturing activity bounced back from April’s dip to show strong expansion for the current month, with a seasonally adjusted PMI for May at 55.7.
Manufacturing activity dropped back into contraction after four months of expansion, with a seasonally adjusted PMI for April at 48.0.
Manufacturing activity continued to show healthy levels of expansion, with a seasonally adjusted PMI for March at 54.5.