The BusinessNZ Performance of Manufacturing Index in New Zealand declined to 53.4 in February 2021 from an upwardly revised 58.0 in the previous month. New orders moderated to 56.2 from 62.8, while production fell to 57.3 from 59.3 in January. Meanwhile, employment dropped to 49.8 from 56.1 points. BNZ Senior Economist Craig Ebert said that within negative factors, supply rather than demand problems dominated, with frequent references to supply chains, shipping, freight, costs, and difficulties in finding suitable staff. source: Business New Zealand
Manufacturing PMI in New Zealand averaged 53.04 points from 2002 until 2021, reaching an all time high of 62.80 points in June of 2004 and a record low of 26.23 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 April of 2021.
Manufacturing PMI in New Zealand is expected to be 54.40 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 52.50 points in 2022, according to our econometric models.