The BusinessNZ Performance of Manufacturing Index in New Zealand edged up to 48.4 in August 2019 from a downwardly revised 48.1 in July 2019. The latest reading pointed to the second consecutive contraction in the factory sector, as output fell into negative territory (49.7 from 51.2 in July) and new orders (45.6 from 48.5) and deliveries (48 from 48.9) shrank further. Also, finished stocks declined slightly (53 from 53.1) while employment rose but still remaining in contraction territory (49.3 from 42.3). “Disconcertingly, the PMI adds to a building case over recent times that there has been a palpable softening in demand - at least for manufactured goods,” said BNZ Senior Economist Doug Steel. Manufacturing PMI in New Zealand averaged 53.32 from 2002 until 2019, 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 47.80 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 51.20 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 -52.30 -44.30 80.90 -76.40 percent [+]
Manufacturing PMI 48.40 48.10 62.80 36.10 [+]
Industrial Production -0.40 2.10 17.60 -10.50 percent [+]
Capacity Utilization 93.70 92.80 93.70 86.33 percent [+]
Changes in Inventories -201.00 105.00 769.00 -907.00 NZD Million [+]
Car Registrations 4936.00 6061.00 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 54.70 53.00 60.90 44.70 [+]
Steel Production 55.37 58.20 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 52.10 52.50 59.50 40.00 [+]
Ease of Doing Business 1.00 1.00 3.00 1.00 [+]
Corruption Index 87.00 89.00 96.00 87.00 Points [+]
Corruption Rank 2.00 1.00 4.00 1.00 [+]


New Zealand Manufacturing PMI

The Business NZ Performance of Manufacturing Index (PMI) is a composite index based on the diffusion indexes for production, new orders, delivered, inventories and employment. A reading above 50 indicates an expansion of the manufacturing 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
48.40 48.10 62.80 36.10 2002 - 2019 Monthly
SA




Country Last Previous
Australia 53.10 Aug/19
Brazil 52.50 Aug/19
Canada 49.10 Aug/19
China 50.40 Aug/19
Euro Area 47.00 Aug/19
France 51.10 Aug/19
Germany 43.50 Aug/19
India 51.40 Aug/19
Indonesia 49.00 Aug/19
Italy 48.70 Aug/19
Japan 49.30 Aug/19
Mexico 49.00 Aug/19
Netherlands 51.60 Aug/19
Russia 49.10 Aug/19
Saudi Arabia 57.00 Aug/19
Singapore 49.90 Aug/19
South Africa 45.70 Aug/19
South Korea 49.00 Aug/19
Spain 48.80 Aug/19
Switzerland 47.20 Aug/19
Turkey 48.00 Aug/19
United Kingdom 47.40 Aug/19
United States 50.30 Aug/19


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