BNZ - BusinessNZ Performance of Manufacturing Index (PMI)

  • second highest since July 2020

BusinessNZ's executive director for manufacturing Catherine Beard

  • another positive outcome
  • it would have been surprising if the April result had shown even higher expansion levels than March
  • Production (64.5) and New Orders (60.9) continued to be the main drivers
  • "Given the lower level of expansion for the current month, the proportion of those outlining positive comments decreased from 58% in March to 53.2% in April. Comments continued to outline demand side influences, with increased enquiries and orders".

BNZ Senior Economist, Craig Ebert:

  • firms’ commentary to April’s PMI noted improving conditions internationally, in addition to many global PMIs clearly pointing to economic activity expanding strongly in significant portions of the world right now"
BNZ - BusinessNZ Performance of Manufacturing Index (PMI)

NZD/USD is barely changed.