New Zealand - BusinessNZ manufacturing PMI for December: 48.7 (prior 55.3)

Author: Eamonn Sheridan | Category: News

BusinessNZ manufacturing PMI for December drops into contraction.

the lowest level of activity since May 2020
follows 6 consecutive months in expansion

BNZ comment:
  • PMI’s three-month moving average sits at an expansionary 51.8, albeit below its long-term average of 53.0
  • suggests some expansion in the final quarter of last year, but the softer December month suggests some caution heading into the New Year
BusinessNZ manufacturing PMI for December drops into contraction.

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Stay tuned for ...

Inflation data from New Zealand for Q4

  • CPI expected 0.2% q/q, prior 0.7%
  • CPI expected 1.1% y/y, prior 1.4%
Coming up at 2145GMT 


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