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.