Manufacturing index shows higher activity levels

Negative comments from respondents are reducing. (Image: Unsplash)

Fri, 11 Oct 2024

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...

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