New Zealand’s BNZ Manufacturing PMI declined to 50.2 in May 2019 from a downwardly revised 52.7 in the previous month and below market expectations of 54.4. The latest reading pointed to the weakest expansion in the factory sector since December 2012, as output (46.4 from 50.1 in April) and employment (48.6 from 51.4) fell into contraction territory. Also, new orders (50.4 from 52.2) an deliveries (51.7 from 55.3) dropped. On the other hand, finished stocks increased to 56.5 from 52.5 in April. “The PMI sends a warning signal for near term growth via its mix of falling production, near flat new orders, and rising inventory. Next week's Q1 GDP should be reasonable, but beyond this downside risks are accumulating,” said BNZ Senior Economist, Doug Steel. Manufacturing PMI in New Zealand averaged 53.38 from 2002 until 2019, reaching an all time high of 62.80 in June of 2004 and a record low of 36.10 in November of 2008.

Manufacturing PMI in New Zealand is expected to be 51.00 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 53.50 in 12 months time. In the long-term, the New Zealand Manufacturing PMI is projected to trend around 54.00 in 2020, according to our econometric models.

New Zealand Manufacturing PMI
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New Zealand Business Last Previous Highest Lowest Unit
Business Confidence -38.10 -32.00 80.90 -76.40 percent [+]
Manufacturing PMI 50.20 52.70 62.80 36.10 [+]
Industrial Production 2.20 0.30 17.60 -10.50 percent [+]
Capacity Utilization 92.80 92.80 93.60 86.33 percent [+]
Changes in Inventories -201.00 105.00 769.00 -907.00 NZD Million [+]
Car Registrations 5575.00 4710.00 6933.00 810.00 [+]
Internet Speed 14708.73 12865.57 14708.73 1998.81 KBps [+]
IP Addresses 1778178.00 1690601.00 2110050.00 831298.00 IP [+]
Services Pmi 53.60 52.00 60.90 44.70 [+]
Steel Production 61.00 49.92 89.00 30.94 Thousand Tonnes [+]
Competitiveness Index 77.51 78.09 78.09 4.91 Points [+]
Competitiveness Rank 18.00 16.00 25.00 16.00 [+]
Composite Pmi 51.80 51.40 59.50 40.00 [+]
Ease of Doing Business 1.00 1.00 3.00 1.00 [+]
Corruption Index 87.00 89.00 96.00 87.00 Points [+]
Corruption Rank 2.00 1.00 4.00 1.00 [+]


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. This page provides - New Zealand Manufacturing Pmi - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Manufacturing PMI - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
50.20 52.70 62.80 36.10 2002 - 2019 Monthly
SA




Country Last Previous
Australia 52.70 May/19
Brazil 50.20 May/19
Canada 49.10 May/19
China 50.20 May/19
Euro Area 47.80 Jun/19
France 52.00 Jun/19
Germany 45.40 Jun/19
India 52.70 May/19
Indonesia 51.60 May/19
Italy 49.70 May/19
Japan 49.50 Jun/19
Mexico 50.00 May/19
Netherlands 52.20 May/19
Russia 49.80 May/19
Saudi Arabia 57.30 May/19
Singapore 49.90 May/19
South Africa 45.40 May/19
South Korea 48.40 May/19
Spain 50.10 May/19
Switzerland 48.60 May/19
Turkey 45.30 May/19
United Kingdom 49.40 May/19
United States 50.10 Jun/19


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