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.