BusinessNZ Performance of Manufacturing Index (PMI)

January manufacturing PMI 53.

  • prior 55.1

Long term average is 53.4

New orders (52.2) sub index:

  • decreased its level of expansion for a third consecutive month
  • lowest since December 2017

BNZ Senior Economist, Doug Steel:

  • "looking beyond the steady headline reading, the details of this month's survey do raise some questions about the durability and pace of the current expansion"

NZD dribbling off a few tics