Manufacturing index shows higher activity levels

Manufacturing index shows higher activity levels
Negative comments from respondents are reducing. (Image: Unsplash)
John Anthony
The latest figures show that New Zealand’s manufacturing sector remains in a 19-month contraction period but is beginning to show higher levels of activity.The seasonally adjusted BNZ – BusinessNZ Performance of Manufacturing Index (PMI) for September was 46.9, up from 46.1 in August.A PMI reading above 50 indicates that manufacturing is generally expanding.It was the third consecutive month showing a higher level of activity compared with the previous month.However, the sector remains in a contraction period that extends to 19 cons...

More Economy

Trade data shows imports down, exports up in November
Economy

Trade data shows imports down, exports up in November

The latest trade data follow Thursday's dire GDP result.

Staff reporters 20 Dec 2024
GDP plunge may spur speculation about a 75bps cut
Economy

GDP plunge may spur speculation about a 75bps cut

The past two quarters mark the weakest six months since June 1991. 

Rebecca Howard 19 Dec 2024
Massive GDP fall: NZ in deep recession
Economy

Massive GDP fall: NZ in deep recession

New Zealand’s gross domestic product fell 1.0% in the September 2024 quarter.The massive fall came after a revised 1.1% decrease in the June 2024 quarter, according to figures released by Stats NZ on Thursday.“The structure of the New Zealand economy can change quickly, which is...

Staff reporters 19 Dec 2024