The BusinessNZ Performance of Manufacturing Index in New Zealand jumped to a record 63.6 in March of 2021 from a revised 54.2 in the previous month. It was the highest monthly result since the survey began in 2002, with production (66.8 vs 58.4 in February) and new orders (72.5 vs 58.0) being the main drivers while employment (53.5 vs 50.2) also improved. source: Business New Zealand

Manufacturing PMI in New Zealand averaged 53.09 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 May of 2021.

Manufacturing PMI in New Zealand is expected to be 53.30 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 52.00 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.

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New Zealand Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
63.60 54.21 63.60 26.25 2002 - 2021 points Monthly
SA


News Stream
New Zealand Manufacturing PMI Hits Record High
The BusinessNZ Performance of Manufacturing Index in New Zealand jumped to a record 63.6 in March of 2021 from a revised 54.2 in the previous month. It was the highest monthly result since the survey began in 2002, with production (66.8 vs 58.4 in February) and new orders (72.5 vs 58.0) being the main drivers while employment (53.5 vs 50.2) also improved.
2021-04-15
New Zealand Manufacturing PMI Drops to 53.4
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.
2021-03-11
New Zealand Manufacturing PMI Jumps to 57.5
The BusinessNZ Performance of Manufacturing Index in New Zealand rebounded sharply to 57.5 in January 2021 from a downwardly revised 48.3 in the previous month, as declining COVID-19 uncertainty nudged sentiment. New orders led gains, surging to 62.4 from 50.3 in the previous month and notching the highest reading since July last year, while production climbed to 59.1 from 52.3 in December. Meanwhile, employment advanced to 55.4 from 50.2. BusinessNZ's Executive Director for Manufacturing Catherine Beard said that the January result was a welcome start to 2021, with the result clearly above the long term average of 53.0 points.
2021-02-11
New Zealand Manufacturing PMI Returns to Contraction
The BusinessNZ Performance of Manufacturing Index in New Zealand sank to 48.7 in December 2020 from a downwardly revised 54.7 in the previous month, as rising COVID-19 uncertainty and a slow global vaccination program dented sentiment. Only production (51.5) expanded in the last month of the year, while new orders (49.9) sank 6.6 points. Employment (49.9) also fell just below the 50.0 point mark, while finished stocks (45.9) and deliveries (44.5) both fell well into contraction. “Softer December month suggests some caution heading into the New Year,” warned BNZ Senior Economist, Doug Steel.
2021-01-21

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.