BusinessNZ Manufacturing PMI for April hits its lowest since August 2021.

BusinessNZ's Catherine Beard:

  • said that after steady expansionary results over recent months, the April result highlighted the fickle nature of what manufacturers are currently experiencing

BNZ Senior Economist, Craig Ebert

  • “supply problems certainly featured extensively in respondents’ comments, including inferences that COVID, and related absenteeism, remains a big issue, even with recorded case numbers having peaked back in March. This provides valuable context to the negativity in the PMI’s jobs index."
nz manufacturing pmi 13 May 2022