New Zealand’s BNZ Manufacturing PMI climbed to 55.1 in December 2018 from an upwardly revised 53.7 in the previous month. It was the highest print since April. Production (55.7 from 51.9 in November) and employment (52.2 from 51.2) grew faster, despite a slight slowdown in new orders (56.1 vs 56.3). Meantime, finished stocks jumped to 58.6 points (vs 54.2), the highest level since the survey began. "2018 averaged 53.8 in activity, slightly ahead of the overall average of 53.4 since the survey began. However, it was still a noticeable dip in expansion compared with 56.2 over 2017 and 56.0 over 2016," wrote BNZ's executive director for manufacturing Catherine Beard. Manufacturing PMI in New Zealand averaged 53.42 from 2002 until 2018, reaching an all time high of 62.80 in June of 2004 and a record low of 36.10 in November of 2008.

Manufacturing PMI in New Zealand is expected to be 53.10 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in New Zealand to stand at 53.00 in 12 months time. In the long-term, the New Zealand Manufacturing PMI is projected to trend around 54.00 in 2020, according to our econometric models.

New Zealand Manufacturing PMI
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New Zealand Business Last Previous Highest Lowest Unit
Business Confidence -24.10 -37.10 80.90 -76.40 percent [+]
Manufacturing PMI 55.10 53.70 62.80 36.10 [+]
Industrial Production -0.30 1.70 17.60 -10.50 percent [+]
Capacity Utilization 92.80 93.20 93.60 86.33 percent [+]
Changes in Inventories 142.00 335.00 769.00 -907.00 NZD Million [+]
Car Registrations 5871.00 5969.00 6933.00 810.00 [+]
Internet Speed 14708.73 12865.57 14708.73 1998.81 KBps [+]
IP Addresses 1778178.00 1690601.00 2110050.00 831298.00 IP [+]
Services Pmi 53.50 55.40 60.80 44.90 [+]
Steel Production 53.89 50.07 89.00 30.94 Thousand Tonnes [+]
Competitiveness Index 77.51 78.09 78.09 4.91 Points [+]
Competitiveness Rank 18.00 16.00 25.00 16.00 [+]
Composite Pmi 53.80 54.70 59.50 40.00 [+]
Ease of Doing Business 1.00 1.00 3.00 1.00 [+]
Corruption Index 89.00 90.00 96.00 88.00 Points [+]
Corruption Rank 1.00 1.00 4.00 1.00 [+]


New Zealand Manufacturing PMI

The Business NZ Performance of Services Index (PSI) is a composite index based on the diffusion indexes for sales, new orders, delivered, inventories and employment. A reading above 50 indicates an expansion of the Services sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change. This page provides - New Zealand Manufacturing Pmi - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Manufacturing PMI - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
55.10 53.70 62.80 36.10 2002 - 2018 Monthly
SA




Country Last Previous
Australia 49.50 Dec/18
Brazil 52.60 Dec/18
Canada 53.60 Dec/18
China 49.70 Dec/18
Euro Area 51.40 Dec/18
France 49.70 Dec/18
Germany 51.50 Dec/18
India 53.20 Dec/18
Indonesia 51.20 Dec/18
Italy 49.20 Dec/18
Japan 52.60 Dec/18
Mexico 49.70 Dec/18
Netherlands 57.20 Dec/18
Russia 51.70 Dec/18
Saudi Arabia 54.50 Dec/18
Singapore 51.10 Dec/18
South Africa 50.70 Dec/18
South Korea 49.80 Dec/18
Spain 51.10 Dec/18
Switzerland 57.80 Dec/18
Turkey 44.20 Dec/18
United Kingdom 54.20 Dec/18
United States 53.80 Dec/18


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