New Zealand - BusinessNZ Manufacturing PMI for April: 53.0 (prior 51.9)
NZ Manufacturing Purchasing Managers index for April 2019.
Comes in a 53.0
- a one-point jump for the previous which is revised to 52.0 fro 51.9
BusinessNZ's executive director for manufacturing Catherine Beard:
- "Seasonally adjusted values over the last 6-7 months have remained static between the 52-54 mark range. Although this indicates the sector is still in expansion mode, the unadjusted series has tended to trend down since late 2017. If this trend continues, it will eventually have negative consequences for the main published result"
BNZ Senior Economist, Doug Steel:
- "the headline PMI looks reasonable but some of the details have cooled off including new orders. It raises questions for those looking for a strong growth pickup later in 2019".