The BusinessNZ Performance of Manufacturing Index in New Zealand declined by 22.1 points to 40.1 in August of 2021 from a downwardly revised 62.2 in the previous month. The latest reading pointed to the first contraction in the New Zealand manufacturing sector since December 2020 on the back of another nationwide lockdown due to a fresh outbreak of the Delta variant of the coronavirus. Employment (54.5) managed to keep its head above water, but all other sub-index values were in contraction with Production (27.7) the hardest hit. Although manufacturers outside of Auckland have returned to alert levels that allow business operations to restart, any moves towards the sector getting back into expansion will ultimately depend on how soon Auckland can also return to lower alert levels. source: Business New Zealand

Manufacturing PMI in New Zealand averaged 53.15 points from 2002 until 2021, reaching an all time high of 63.60 points in March of 2021 and a record low of 26.25 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 September of 2021.

Manufacturing PMI in New Zealand is expected to be 46.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the New Zealand Manufacturing PMI is projected to trend around 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
40.10 62.20 63.60 26.25 2002 - 2021 points Monthly
SA


News Stream
NZ Manufacturing Activity Shrinks amid Virus Lockdown
The BusinessNZ Performance of Manufacturing Index in New Zealand declined by 22.1 points to 40.1 in August of 2021 from a downwardly revised 62.2 in the previous month. The latest reading pointed to the first contraction in the New Zealand manufacturing sector since December 2020 on the back of another nationwide lockdown due to a fresh outbreak of the Delta variant of the coronavirus. Employment (54.5) managed to keep its head above water, but all other sub-index values were in contraction with Production (27.7) the hardest hit. Although manufacturers outside of Auckland have returned to alert levels that allow business operations to restart, any moves towards the sector getting back into expansion will ultimately depend on how soon Auckland can also return to lower alert levels.
2021-09-16
New Zealand Factory Activity Growth Picks Up
The BusinessNZ Performance of Manufacturing Index in New Zealand rose to 62.6 in July 2021, from 60.7 in the previous month. This latest reading was only below the 63.6 recorded in March, signalling a solid manufacturing expansion. While production (66.0 vs 64.4 in June) and New Orders (65.0 vs 63.6) expanded further, employment (58.3 vs 56.7) improved to a record level.
2021-08-12
New Zealand Factory Activity Growth Picks Up in June
The BusinessNZ Performance of Manufacturing Index in New Zealand rose to 60.7 in June 2021, from 58.6 in the previous month. It was the second time it had crossed the 60-point mark in four months, signaling strong manufacturing expansion. Production and new orders continued to increase at a solid pace, while the pace of job creation accelerated to the fastest since August 2017. Finished stocks and deliveries of raw materials increased above their respective historical averages, hinting at some progress in these long-standing supply side areas of concern for business.
2021-07-15
New Zealand Manufacturing PMI Rises Marginally in May
The BusinessNZ Performance of Manufacturing Index in New Zealand edged higher to 58.6 in May of 2021 from a downwardly revised 58.3 in the previous month. The latest reading came 5 points short of a record high hit in March and was the second highest result since July of 2020, pointing to a sustained recovery in the manufacturing sector. Main upward pressure came from production (65.3 vs 64.5 in April), and new orders (63.7 vs 60.9), which have been sustaining the expansion in the sector, while growth in employment levels further slowed in May (51.5 vs 52.7). However, supply issues, namely rising prices of raw materials and other inputs, remained a major problem for manufacturers.
2021-06-10

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.