The BusinessNZ Performance of Manufacturing Index in New Zealand increased to 54 September 2020 from an upwardly revised 51 in the previous month, amid the easing of coronavirus lockdown measures. All but one of the key sub-indices improved in September, of which new orders (58.1 vs 54.2 in August) and production (56.5 vs 51.6) expanded further. Additionally, employment returned to growth (51.6 vs 49.2). In contrast, deliveries fell into contraction territory (49 vs 50). “Although the September PMI pushed above its long-term average of 53.0, it should not be confused with above average activity levels. Rather, it indicates growth off the low base set earlier in the year. Growth has not yet been enough to recoup previous loses, but some progress is being made", said BNZ Senior Economist, Doug Steel.

Manufacturing PMI in New Zealand averaged 53.02 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 October of 2020. source: Business New Zealand

Manufacturing PMI in New Zealand is expected to be 51.70 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.

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New Zealand Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
54.00 51.00 62.80 26.10 2002 - 2020 points Monthly
SA


News Stream
New Zealand Manufacturing PMI Rises Further in September
The BusinessNZ Performance of Manufacturing Index in New Zealand increased to 54 September 2020 from an upwardly revised 51 in the previous month, amid the easing of coronavirus lockdown measures. All but one of the key sub-indices improved in September, of which new orders (58.1 vs 54.2 in August) and production (56.5 vs 51.6) expanded further. Additionally, employment returned to growth (51.6 vs 49.2). In contrast, deliveries fell into contraction territory (49 vs 50). “Although the September PMI pushed above its long-term average of 53.0, it should not be confused with above average activity levels. Rather, it indicates growth off the low base set earlier in the year. Growth has not yet been enough to recoup previous loses, but some progress is being made", said BNZ Senior Economist, Doug Steel.
2020-10-15
New Zealand Manufacturing PMI Falls in August
The BusinessNZ Performance of Manufacturing Index in New Zealand declined to 50.7 in August 2020 from an upwardly revised 59 in the previous month, amid the reimplementation of coronavirus lockdown measures. Both new orders (54 vs 67.5 in July) and production (51.1 vs 61.8) dropped, still remaining in expansion territory. In addition, finished stocks fell (50 vs 51.7). Meantime, employment shrank for the sixth consecutive month albeit at a softer pace (49 vs 46.9). "After two months of playing catch-up, the level 3 lockdown placed on New Zealand's largest population and economic region meant the sector would experience another hit. While results in other parts of the country led to the national result keeping its head above water, the latest results show how fragile and short the recovery can be,” said BNZ's executive director for manufacturing Catherine Beard.
2020-09-10
New Zealand Manufacturing PMI Grows Further
The BusinessNZ Performance of Manufacturing Index in New Zealand jumped to 58.8 in July 2020 from a downwardly revised 56.2 in June, amid the easing of coronavirus lockdown measures. Three subindices improved, one softened its expansion pace and other fell further into contraction. Production jumped to 61.4 from 58.4, while new orders surged to 67.4 from 58.2. In contrast, employment fell to 46.5 from 48.5. “This is obviously a welcome outcome given the halt in any activity for many over lockdown. However, we should be careful not to interpret this as a new dawn for the sector, rather a catch-up for many trying to get back to a new sense of normality,” said BNZ's executive director for manufacturing Catherine Beard.
2020-08-13
New Zealand Manufacturing PMI Rebounds Sharply
The BusinessNZ Performance of Manufacturing Index in New Zealand jumped to 56.3 in June 2020 from 39.8 in May 2020, nudged by the easing of social isolation measures. All five subindices improved markedly and four returned to expansion, with the largest advance observed in production (58.6 vs 38.1 in May), followed by new orders (58.6 vs 39.5). Meanwhile, employment climbed to 48.5 from 39.2, but remained in contraction zone. “Overall, we should remain cautious that one expansionary result does not represent a trend given ongoing offshore uncertainty around COVID-19,” said BNZ's executive director for manufacturing Catherine Beard.
2020-07-16

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.