The BusinessNZ Performance of Manufacturing Index in New Zealand rose to 52.9 in May of 2022, from an eight-month low of 51.2 in the prior month but still below the long-term average of 53.1 for the survey. It marks the 9th straight month of expansion in the country’s factory sector and at a faster pace. Production (52.8 vs 49.4 in April), employment (53 vs 49.8) and delivery of raw materials (55.4 vs 49.7) managed to return to expansion. On the other hand, new orders recorded the weakest growth since the August lockdown in 2021 (53 vs 55.2). source: Business New Zealand

Manufacturing PMI in New Zealand averaged 53.13 points from 2002 until 2022, reaching an all time high of 63.50 points in March of 2021 and a record low of 26.30 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 June of 2022.

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. In the long-term, the New Zealand Manufacturing PMI is projected to trend around 52.50 points in 2023, according to our econometric models.

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New Zealand Manufacturing PMI



Related Last Previous Unit Reference
Manufacturing PMI 52.90 51.20 points May 2022
Services PMI 55.20 52.20 points May 2022
Composite PMI 50.60 52.20 points Apr 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
52.90 51.20 63.50 26.30 2002 - 2022 points Monthly
SA

News Stream
New Zealand Factory Activity Gains Momentum
The BusinessNZ Performance of Manufacturing Index in New Zealand rose to 52.9 in May of 2022, from an eight-month low of 51.2 in the prior month but still below the long-term average of 53.1 for the survey. It marks the 9th straight month of expansion in the country’s factory sector and at a faster pace. Production (52.8 vs 49.4 in April), employment (53 vs 49.8) and delivery of raw materials (55.4 vs 49.7) managed to return to expansion. On the other hand, new orders recorded the weakest growth since the August lockdown in 2021 (53 vs 55.2).
2022-06-16
New Zealand Factory Activity Growth at 8-Month Low
The BusinessNZ Performance of Manufacturing Index in New Zealand fell to 51.2 in April of 2022, from a downwardly revised 53.7 in the prior month and coming below the long-term average of 53.1. It was the eighth straight month of expansion in the country’s factory sector, albeit at the slowest pace since last August. New orders growth slowed (56 vs 59.7 in March) while production (49.1 vs 50.3) fell back into contraction. Employment (49.8 vs 52.2) also contracted after two months of expansion, and deliveries (49.5 vs 51.2) experienced the first decline since November 2021. Manufacturers were in a more negative mindset during April, amid lingering concerns over Covid-19, skill/labour shortages and supply chain disruptions.
2022-05-12
New Zealand Factory Activity Growth at 3-Month High
The BusinessNZ Performance of Manufacturing Index in New Zealand inched up to 53.8 in March of 2022, from 53.6 in the prior month and coming above the long term average of 53.1. It was the seventh straight month of expansion in the country’s factory sector, although respondents unsatisfied with supply side issues and input cost inflation outweighed those with a more optimistic perspective by a two-to-one factor. Positive contributions came from higher levels of employment (52.4 vs 52.0 in February), which rose to a level not seen in six months; new orders (61.0 vs 58.6); and finished good stocks (53.5 vs 50.2), the highest since last October. On the other hand, output growth slipped below its long-term average (50.9 vs 51.7), due to the impact of the omicron wave.
2022-04-13