New Zealand BusinessNZ Performance of Manufacturing Index rose to 58.9 in April, up from 53.1. That’s also the highest level since January 2016.
BusinessNZ’s executive director for manufacturing Catherine Beard:
“The fact that the sub-indexes of production, new orders and deliveries of raw materials were all around the 60-point mark helped the overall result. Also, the proportion of positive comments in April (58.5%) has continued its upwards trajectory compared with March (55.1%), February (51.4%) and January (50.7%). Those who provided positive comments typically noted a lift in construction, as well as a pick-up in offshore orders.”
“Although April represents a good result for the sector, the key will be to continue the expansion momentum over the coming months.”