New Zealand Manufacturing PMI

Last Release

Mar 31, 2024

Actual

47.1

Units In

Points

49.3

Frequency

Monthly

Next Release

May 09, 2024

Time to Release

27 Days 15 Hours

Highest	Lowest	Average	Date Range	Source
63.9 Mar 2021	25.82 Apr 2020	52.73 Points	2002-2024	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 in New Zealand deteriorated to 47.1 in March 2024, from 49.3 in the previous month. It was the lowest level of activity in 2024, and remained in contraction for 13 straight months. Production fell from its highest level since January 2023 (45.7 vs 49.1 in February) and deliveries also retreated (47.8 vs 49.8), while new orders (44.7 vs 47.8), remained in contraction for ten consecutive months.