New Zealand Manufacturing PMI

Last Release

Jul 31, 2025

Actual

52.8

Units In

Points

48.8

Frequency

Monthly

Next Release

Sep 11, 2025

Time to Release

26 Days 21 Hours

Highest	Lowest	Average	Date Range	Source
63.9 Mar 2021	25.82 Apr 2020	52.47 Points	2002-2025	Business New Zealand

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.

Latest Updates

The BusinessNZ Performance of Manufacturing Index (PMI) in New Zealand rose to 52.8 in July from 48.8 in June, returning to expansion territory after two consecutive months of contraction. All five main sub-indices showed growth, led by New Orders (54.2 vs. 51.8 in June) and Production (53.6 vs. 49.6), both reaching their highest levels since 2022. Finished Stocks (51.8 vs. 46.9), Deliveries of Raw Materials (51.9 vs. 47.9), and Employment (50.1 vs. 48) also expanded, with employment rising just above the no-change mark following two months of decline. Despite the rebound, 58.6% of respondents reported negative conditions, citing weak demand, rising costs, and economic uncertainty fueled by tariffs, slow construction, and soft consumer spending. Still, manufacturers remain cautious, often ordering only what is immediately needed.