The BusinessNZ Performance of Manufacturing Index in New Zealand jumped to 55.3 in November 2020 from 51.7 in the previous month, as declining COVID-19 uncertainty and vaccine expectations nudged sentiment. It was a four-month high, mainly explained by the production component (55.4 vs 52.0 in October) and new orders (57.6 vs 52.8). Also, finished stocks (59.0 vs 49.2) and deliveries (52.2 vs 49.6) returned to expansion. In contrast, employment lost steam (51.5 vs 52.4). "Overall, the sector is shaping up to end 2020 on a positive note, which would be a considerable contrast to what was seen during the first half of the year,” said BusinessNZ's executive director for manufacturing Catherine Beard. source: Business New Zealand
Manufacturing PMI in New Zealand averaged 53.03 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 January of 2021.
Manufacturing PMI in New Zealand is expected to be 53.70 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 53.00 in 12 months time. In the long-term, the New Zealand Manufacturing PMI is projected to trend around 53.00 points in 2021 and 52.50 points in 2022, according to our econometric models.