The BusinessNZ Performance of Manufacturing Index in New Zealand jumped to 58.8 in July 2020 from a downwardly revised 56.2 in June, amid the easing of coronavirus lockdown measures. Three subindices improved, one softened its expansion pace and other fell further into contraction. Production jumped to 61.4 from 58.4, while new orders surged to 67.4 from 58.2. In contrast, employment fell to 46.5 from 48.5. “This is obviously a welcome outcome given the halt in any activity for many over lockdown. However, we should be careful not to interpret this as a new dawn for the sector, rather a catch-up for many trying to get back to a new sense of normality,” said BNZ's executive director for manufacturing Catherine Beard.

Manufacturing PMI in New Zealand averaged 53.02 points from 2002 until 2020, reaching an all time high of 62.80 points in June of 2004 and a record low of 26 points in April of 2020. This page provides - New Zealand Manufacturing Pmi - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Business New Zealand

Manufacturing PMI in New Zealand is expected to be 55.00 points 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 52.00 in 12 months time. In the long-term, the New Zealand Manufacturing PMI is projected to trend around 53.00 points in 2021 and 52.50 points in 2022, according to our econometric models.

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New Zealand Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
58.80 56.20 62.80 26.00 2002 - 2020 points Monthly
SA


News Stream
New Zealand Manufacturing PMI Grows Further
The BusinessNZ Performance of Manufacturing Index in New Zealand jumped to 58.8 in July 2020 from a downwardly revised 56.2 in June, amid the easing of coronavirus lockdown measures. Three subindices improved, one softened its expansion pace and other fell further into contraction. Production jumped to 61.4 from 58.4, while new orders surged to 67.4 from 58.2. In contrast, employment fell to 46.5 from 48.5. “This is obviously a welcome outcome given the halt in any activity for many over lockdown. However, we should be careful not to interpret this as a new dawn for the sector, rather a catch-up for many trying to get back to a new sense of normality,” said BNZ's executive director for manufacturing Catherine Beard.
2020-08-13
New Zealand Manufacturing PMI Rebounds Sharply
The BusinessNZ Performance of Manufacturing Index in New Zealand jumped to 56.3 in June 2020 from 39.8 in May 2020, nudged by the easing of social isolation measures. All five subindices improved markedly and four returned to expansion, with the largest advance observed in production (58.6 vs 38.1 in May), followed by new orders (58.6 vs 39.5). Meanwhile, employment climbed to 48.5 from 39.2, but remained in contraction zone. “Overall, we should remain cautious that one expansionary result does not represent a trend given ongoing offshore uncertainty around COVID-19,” said BNZ's executive director for manufacturing Catherine Beard.
2020-07-16
New Zealand Manufacturing PMI Improves to 39.7
The BusinessNZ Performance of Manufacturing Index in New Zealand improved to 39.7 in May 2020 from a downwardly revised all-time low of 25.9 in April 2020, as social isolation measures began to ease after COVID daily cases in New Zealand declined to nearly zero. Four of the five subindices improved but all remained in contraction territory, with new orders booking the largest gain (40 points vs 16.9 in April), followed by production (38.4 vs 19.1). In contrast, employment went down to 39.4 from 41.1. BNZ's executive director for manufacturing Catherine Beard said that “with the wage subsidy to end soon for many businesses, a soft employment result in the months ahead may make the road to recovery that bit longer.”
2020-06-11
New Zealand Manufacturing PMI Shrank Further in April
The BusinessNZ Performance of Manufacturing Index in New Zealand declined to 26.1 in April 2020 from 38 in March 2020. It was the lowest level in manufacturing activity since the survey began, as all five subindices shrank further. Production plunged to 19.8 (vs 31.4 in March), while new orders plummeted to 17.8 (vs 36.6). Meanwhile, employment was somewhat resilient, falling to 41.2 from 44.9. Looking ahead, 89.7 percent of respondents outlined negative comments associated to the pandemic and the lockdown. BNZ's executive director for manufacturing Catherine Beard said that given part of March and almost all of April was in complete lockdown for the country, a significant fall in manufacturing activity was fully expected.
2020-05-14

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.