Manufacturing sector expands in Sept but lockdowns weigh

Fri, 15 Oct 2021

New Zealand's manufacturing sector saw an overall return to expansion for Sept although there were still some underlying issues. The seasonally adjusted PMI for September was 51.4, 11.7 points higher than Aug, according to the latest BNZ – BusinessNZ Performance of Manufacturing Index."Prior to the lockdown, the PMI averaged close to 60 since the start of 2021, which means expansion has some way to go before getting back to what was seen during the first half of the year,” said BusinessNZ's executive director for...

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