Manufacturing activity declines again in April

(Image: Unsplash)

Fri, 12 May 2023

Activity in New Zealand’s manufacturing sector contracted in April, according to the latest BNZ – BusinessNZ Performance of Manufacturing Index (PMI).The seasonally adjusted PMI for April was 49.1. While this was 1 point higher than in March, it still indicates the sector is declining. It also remains below the long-term average activity rate of 53.The stresses and strains of the wider economy appear to be playing out in the manufacturing sector, said BusinessNZ’s director of advocacy, Catherine Beard.“Five of the last s...

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