The BusinessNZ Performance of Manufacturing Index in New Zealand decreased to 54.3 in November of 2021 from 50.6 in the previous month, still above 50 which indicates slow growth. According to the BusinessNZ’s Director, Advocacy Catherine Beard, looking at the components it is noticeable that new Orders (54.7) has remained very consistent over the last three months. Production (52.2), while positive, has remained somewhat lackluster. Employment (48.2) fell back into contraction for the first time since December 2020, while Finished Stocks (48.3) and Deliveries (42.9) both returned in contraction after exhibiting expansion in October. In addition, the proportion of negative comments from respondents rose to 57.6% from 55.4% in the previous month and compared to 71% in September. source: Business New Zealand

Manufacturing PMI in New Zealand averaged 53.13 points from 2002 until 2021, reaching an all time high of 63.84 points in March of 2021 and a record low of 26.05 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 December of 2021.

Manufacturing PMI in New Zealand is expected to be 53.00 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


Related Last Previous Unit Reference
Manufacturing PMI 50.60 54.30 points Nov/21
Composite PMI 49.10 50.00 points Nov/21
Services PMI 46.50 44.90 points Nov/21

News Stream
New Zealand Factory Activity Growth Dips
The BusinessNZ Performance of Manufacturing Index in New Zealand decreased to 54.3 in November of 2021 from 50.6 in the previous month, still above 50 which indicates slow growth. According to the BusinessNZ’s Director, Advocacy Catherine Beard, looking at the components it is noticeable that new Orders (54.7) has remained very consistent over the last three months. Production (52.2), while positive, has remained somewhat lackluster. Employment (48.2) fell back into contraction for the first time since December 2020, while Finished Stocks (48.3) and Deliveries (42.9) both returned in contraction after exhibiting expansion in October. In addition, the proportion of negative comments from respondents rose to 57.6% from 55.4% in the previous month and compared to 71% in September.
2021-12-09
New Zealand Factory Activity Growth Picks Up
The BusinessNZ Performance of Manufacturing Index in New Zealand stepped up to 54.3 in October of 2021 from an upwardly revised 51.4 in the previous month. Both New Orders and Production rose to 53.9 and 54, respectively marking the first reading above 50 for the first time since July. Also, Deliveries increased to 59.9 leading the gains in the Manufacturing index. Meanwhile, Employment ticked down to 52.1, the lowest level since February, but still above 50. In addition, the proportion of negative comments from respondents fell back to 55.4% from 71% in September.
2021-11-11
New Zealand Manufacturing Sector Back to Expansion
The BusinessNZ Performance of Manufacturing Index in New Zealand rebounded by 11.7 points to an expansive 51.4 in September of 2021 from a downwardly revised 39.7 in the previous month. New orders were almost back to “normal” with a reading of 54.3 in September and the employment index remained well above its long-term average of 50.6, with a 54.4. The production index, however, at 49.9, was essentially flat, as was inventory, with its 50.1. Deliveries of raw materials, at 47.8, were still contracting, albeit not as rapidly as they were in August (33.1).
2021-10-14

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.