Manufacturing expands but headwinds remain

Fri, 21 Jan 2022

The manufacturing sector expanded in December as it continued to recover from delta – but it's facing headwinds from supply challenges and omicron.The seasonally-adjusted PMI for December was 53.7 versus 51.2 in November according to the BNZ – BusinessNZ Performance of Manufacturing Index.“This continues the PMI’s recent oscillation around its long-term average of 53.1, following the heavy knock it took in August last year when it fell to 39.9, as delta appeared in the community along with associated restrictions,&rd...

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