BusinessNZ Manufacturing PMI
For April 56.5 ... the highest level of expansion since January
- 1.8 points higher than March
- Manufacturing in NZ has been in expansion in almost all months since October 2012
Comments from BusinessNZ:
- Stronger expansion in production and new orders
- Deliveries also recovered after a dip in March
- "The proportion of positive comments also remained above 60%, while comments centered on general market growth and increased orders, particularly from offshore. Overall, the April result represents another solid month for the sector."
BNZ:
"the bounce in April, to 56.5, not only arrests that previous mild momentum loss but affirms the underlying above-average growth pulse that the manufacturing sector has displayed for many months now."
NZ Circle of Life (manufacturing PMI version):
Employment the lagger ... :-(