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.
Manufacturing PMI in New Zealand averaged 53.05 points from 2002 until 2020, reaching an all time high of 62.80 points in June of 2004 and a record low of 26.10 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 2020. source: Business New Zealand
Manufacturing PMI in New Zealand is expected to be 32.00 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 49.00 in 12 months time. In the long-term, the New Zealand Manufacturing PMI is projected to trend around 50.50 points in 2021 and 51.50 points in 2022, according to our econometric models.