Home Latest New Zealand manufacturing PMI for May: 58.6 (prior 58.4)

New Zealand manufacturing PMI for May: 58.6 (prior 58.4)

Forex, video, latest June 11, 2021 6:01 am

BusinessNZ Performance of Manufacturing Index (PMI) 

BusinessNZ’s executive director for manufacturing Catherine Beard

  • a two major sub-index values of Production (65.3) also New Orders (63.7) remain a cornerstones of ongoing expansion inside a sector.  inside contrast, Employment (51.5) continues to slip into lower expansion

BNZ Senior Economist, Craig Ebert

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  • “a PMI readings on Finished Stocks also Deliveries of Raw Materials for May appeared reasonable.  However, they were also still clearly lagging as components inside a PMI. If there was any doubt about supply-side factors being a major problem, this was put paid to by respondents’ comments to May’s PMI.”
BusinessNZ Performance of Manufacturing Index (PMI) May 2021

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