The BusinessNZ Performance of Manufacturing Index in New Zealand stepped up to 54.3 in October of 2021 from an upwardly revised 51.4 in the previous month. Both New Orders and Production rose to 53.9 and 54, respectively marking the first reading above 50 for the first time since July. Also, Deliveries increased to 59.9 leading the gains in the Manufacturing index. Meanwhile, Employment ticked down to 52.1, the lowest level since February, but still above 50. In addition, the proportion of negative comments from respondents fell back to 55.4% from 71% in September. source: Business New Zealand

Manufacturing PMI in New Zealand averaged 53.14 points from 2002 until 2021, reaching an all time high of 63.84 points in March of 2021 and a record low of 26.05 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 November of 2021.

Manufacturing PMI in New Zealand is expected to be 53.00 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 2022, according to our econometric models.

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New Zealand Manufacturing PMI


Related Last Previous Unit Reference
Manufacturing PMI 54.30 51.60 points Oct/21
Services PMI 44.60 46.50 points Oct/21
Composite PMI 38.00 59.60 points Aug/21

News Stream
New Zealand Factory Activity Growth Picks Up
The BusinessNZ Performance of Manufacturing Index in New Zealand stepped up to 54.3 in October of 2021 from an upwardly revised 51.4 in the previous month. Both New Orders and Production rose to 53.9 and 54, respectively marking the first reading above 50 for the first time since July. Also, Deliveries increased to 59.9 leading the gains in the Manufacturing index. Meanwhile, Employment ticked down to 52.1, the lowest level since February, but still above 50. In addition, the proportion of negative comments from respondents fell back to 55.4% from 71% in September.
2021-11-11
New Zealand Manufacturing Sector Back to Expansion
The BusinessNZ Performance of Manufacturing Index in New Zealand rebounded by 11.7 points to an expansive 51.4 in September of 2021 from a downwardly revised 39.7 in the previous month. New orders were almost back to “normal” with a reading of 54.3 in September and the employment index remained well above its long-term average of 50.6, with a 54.4. The production index, however, at 49.9, was essentially flat, as was inventory, with its 50.1. Deliveries of raw materials, at 47.8, were still contracting, albeit not as rapidly as they were in August (33.1).
2021-10-14
NZ Manufacturing Activity Shrinks amid Virus Lockdown
The BusinessNZ Performance of Manufacturing Index in New Zealand declined by 22.1 points to 40.1 in August of 2021 from a downwardly revised 62.2 in the previous month. The latest reading pointed to the first contraction in the New Zealand manufacturing sector since December 2020 on the back of another nationwide lockdown due to a fresh outbreak of the Delta variant of the coronavirus. Employment (54.5) managed to keep its head above water, but all other sub-index values were in contraction with Production (27.7) the hardest hit. Although manufacturers outside of Auckland have returned to alert levels that allow business operations to restart, any moves towards the sector getting back into expansion will ultimately depend on how soon Auckland can also return to lower alert levels.
2021-09-16

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.