empty
 
 

2021.01.2121:19:00UTC+00New Zealand Manufacturing PMI Sinks To 48.7 In December - BusinessNZ

The manufacturing sector in New Zealand fell into contraction in December, the latest survey from BusinessNZ revealed on Friday with a PMI score of 48.7.

That's down sharply from the downwardly revised 54.7 in January (originally 55.3) and it slips beneath the boom-or-bust line of 50 that separates expansion from contraction.

Individually, production (51.5) managed to keep its head above water, but the other key sub-index of new orders (49.9) failed to see expansion. Employment (49.9) also fell just below the 50.0 point mark, while finished stocks (45.9) and deliveries (44.5) both fell well into contraction.

"The PMI's three-month moving average sits at an expansionary 51.8, albeit below its long-term average of 53.0. This all suggests some expansion in the final quarter of last year, but the softer December month suggests some caution heading into the New Year." BNZ Senior Economist Doug Steel said.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback