New Zealand manufacturing PMI for February: 53.7 (prior 53.1)

Author: Eamonn Sheridan | Category: News

BusinessNZ/BNZ data, this the February manufacturing PMI for NZ 

53.7 (second highest for the last nine months)
  • prior was 53.0, revised from 53.1  
Main sub-index values
  • production (53.9) , new orders (54.7) both up after a noticeable drop in expansion levels during January
  • employment (50.8) down a further 1.2, now at its lowest level since August 2018
BNZ Senior Economist, Craig Ebert:
  • "While the PMI remains broadly encouraging, inventory dynamics bear watching - in case they forewarn of a slower tone to manufacturing production ahead."
NZD up a few tics on the data release.

BusinessNZ/BNZ data, February manufacturing PMI for NZ 

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