The BusinessNZ Performance of Manufacturing Index in New Zealand decreased 2.9 points from the previous month to 48.2 in July 2019, missing market expectations of 51.8 and pointing to the first month of contraction in the manufacturing sector since September 2012. The new orders sub-index dropped to its lowest level since December 2012 (-3.5 points to 48.9), while the employment sub-index fell for the third consecutive time to reach its lowest value since June 2009 (-4.6 points to 42.6). In addition, finished stocks increased at a softer pace (-4.1 points to 53.2) and deliveries continued in negative territory (+0.3 points to 48.9). The production sub-index was unchanged at 51.1. Manufacturing PMI in New Zealand averaged 53.35 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 47.80 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 51.20 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 -44.30 -38.10 80.90 -76.40 percent [+]
Manufacturing PMI 48.20 51.10 62.80 36.10 [+]
Industrial Production 2.20 0.30 17.60 -10.50 percent [+]
Capacity Utilization 93.70 92.80 93.70 86.33 percent [+]
Changes in Inventories -201.00 105.00 769.00 -907.00 NZD Million [+]
Car Registrations 6061.00 5575.00 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 54.70 53.00 60.90 44.70 [+]
Steel Production 58.20 56.66 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 52.10 52.50 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 August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
48.20 51.10 62.80 36.10 2002 - 2019 Monthly
SA




Country Last Previous
Australia 51.30 Jul/19
Brazil 49.90 Jul/19
Canada 50.20 Jul/19
China 49.90 Jul/19
Euro Area 47.00 Aug/19
France 51.00 Aug/19
Germany 43.60 Aug/19
India 52.50 Jul/19
Indonesia 49.60 Jul/19
Italy 48.50 Jul/19
Japan 49.50 Aug/19
Mexico 49.80 Jul/19
Netherlands 50.70 Jul/19
Russia 49.30 Jul/19
Saudi Arabia 56.60 Jul/19
Singapore 49.80 Jul/19
South Africa 52.10 Jul/19
South Korea 47.30 Jul/19
Spain 48.20 Jul/19
Switzerland 44.70 Jul/19
Turkey 46.70 Jul/19
United Kingdom 48.00 Jul/19
United States 49.90 Aug/19


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