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. source: Business New Zealand
Manufacturing PMI in New Zealand averaged 53.17 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 July of 2021.
Manufacturing PMI in New Zealand is expected to be 56.00 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 51.00 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.