The manufacturing sector remains flat for the second consecutive month after steady expansion in the first half of the year, with a seasonally adjusted PMI for August at 49.3.
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.
The month of July saw the manufacturing sector flattened out after ten consecutive months of expansion, with a seasonally adjusted PMI for July at 49.9.
The month of June saw a pick-up in the level of expansion for the manufacturing sector, with a seasonally adjusted PMI for June at 56.2.
New Zealand manufacturing continues to be in expansionary territory for May, although it has eased back slightly from the April expansion, with a seasonally adjusted PMI for May at 54.5.
New Zealand manufacturing continues to be in expansionary territory for April, reaching its highest value since 2004, with a seasonally adjusted PMI for April at 58.9.
NZ manufacturing continues to head in the right direction with a strong boost in expansion for March, with a seasonally adjusted PMI for March at 56.3.
Ongoing strength in new orders meant manufacturing remained in positive territory for the second month of 2010, with a seasonally adjusted PMI for February at 53.3
Ongoing strength in new orders kept manufacturing in positive territory for the first month of 2010, with a seasonally adjusted PMI for January at 52.
Manufacturing activity ended the year on a positive note, with expansion small but steady, with a seasonally adjusted PMI for December at 52.9.
Manufacturing activity showed expansion for the third consecutive month, providing a solid if unspectacular end to 2009, with a seasonally adjusted PMI for November at 51.8.
Expansion dipped in October after gradual improvements in activity during the second half of 2009, with a seasonally adjusted PMI for October at 50.6.
Expansion across most sub-indices meant overall manufacturing expanded for the first time since April 2008, with a seasonally adjusted PMI for September at 51.7.