Thu, Oct 28, 2021 @ 07:15 GMT
HomeLive CommentsNew Zealand BusinessNZ PMI rose to 58.9, highest since Jan 2016

New Zealand BusinessNZ PMI rose to 58.9, highest since Jan 2016

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.”

Featured Analysis

Learn Forex Trading