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 continued its expansionary path for October. The seasonally adjusted PMI for October was 53.3, although this was 1.7 points lower than September, the level of expansion was still healthy. The sector has now been in continued expansion since October 2012.