The BusinessNZ Performance of Manufacturing Index in New Zealand decreased to 47.2 in December of 2022 from 47.4 in the prior month, marking the lowest reading since May 2020. New Orders continued to contract but showed some improvement from November (46.1 vs 42.2) and production (49.7 vs 49.5) slightly was up but below the no-change mark. Finished stocks (50.1 vs 55.5) and delivery of raw materials (48.4 vs 49.6) both fell further, while employment (48.8 vs 46.9) returned to October levels. source: Business New Zealand

Manufacturing PMI in New Zealand averaged 53.05 points from 2002 until 2022, reaching an all time high of 62.77 points in June of 2004 and a record low of 26.11 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 February of 2023.

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New Zealand Manufacturing PMI



Related Last Previous Unit Reference
Manufacturing PMI 47.20 47.40 points Dec 2022
Services PMI 52.10 53.70 points Dec 2022
Composite PMI 50.50 50.80 points Dec 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
47.20 47.40 62.77 26.11 2002 - 2022 points Monthly
SA

News Stream
New Zealand Factory Activity Contracts in December
The BusinessNZ Performance of Manufacturing Index in New Zealand decreased to 47.2 in December of 2022 from 47.4 in the prior month, marking the lowest reading since May 2020. New Orders continued to contract but showed some improvement from November (46.1 vs 42.2) and production (49.7 vs 49.5) slightly was up but below the no-change mark. Finished stocks (50.1 vs 55.5) and delivery of raw materials (48.4 vs 49.6) both fell further, while employment (48.8 vs 46.9) returned to October levels.
2023-01-19
New Zealand Factory Activity Contracts Further
The BusinessNZ Performance of Manufacturing Index in New Zealand fell to 47.4 in November of 2022 from 49.3 in the prior month, pointing to the second consecutive contraction of Kiwi factory activity. New orders contracted at the sharpest rate since April 2020, dragging the decline in production to accelerate from the prior month. Consequently, lower demand for capacity by manufacturers drove employment levels to fall. Still, deliveries and finished stocks remained in the expansionary territory. Looking forward, firms have continued to have a more negative mindset, with the proportion of negative comments at 58.4% for the period.
2022-12-15
New Zealand Manufacturing Contracts in October
New Zealand’s manufacturing sector fell into contraction for the first time in 2022, according to the latest BusinessNZ Performance of Manufacturing Index (PMI). The seasonally adjusted PMI for October was 49.3 (a PMI reading above 50.0 indicates that manufacturing is generally expanding; below 50.0 that it is declining). This was 2.4 points lower than September, and the lowest level of activity since August last year when there was a nation-wide COVID related lockdown. Looking at the specifics of the sub-index results, the two key sub-index values of Production (49.9) and New Orders (44.7) both fell into contraction, with the latter falling significantly from its near 60-mark in August. In addition, Employment (48.9) experienced its lowest level of activity since November 2021.
2022-11-10