New Zealand Manufacturing PMI

Last Release

May 31, 2025

Actual

47.5

Units In

Points

53.3

Frequency

Monthly

Next Release

Jul 10, 2025

Time to Release

25 Days 21 Hours

Highest	Lowest	Average	Date Range	Source
63.9 Mar 2021	25.82 Apr 2020	52.49 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 dropped to 47.5 in May, down from 53.3 in April, signaling a return to contraction after four consecutive months of expansion. The decline reflects a sharp loss of momentum in the sector, which had shown signs of recovery earlier in the year. Four of the five main sub-indices fell, with New Orders at 45.3 and Employment sinking 8.9 points to 45.7, its lowest level since July 2024. Negative sentiment among respondents rose to 64.5%, compared to 58% in April. Manufacturers cited falling demand, weak orders, and low business confidence as major challenges. Additional pressures included rising costs, economic uncertainty, and stalled forward orders and investment.