• Business NZ performance of manufacturing index for New Zealand rises to 54.7 in November

Market news

11 December 2015

Business NZ performance of manufacturing index for New Zealand rises to 54.7 in November

According to the Business NZ Survey published on late Thursday evening, the Business NZ performance of manufacturing index (PMI) for New Zealand rose to 54.7 in November to 53.2 in October. October's figure was revised down from 53.3.

A reading above 50 indicates expansion in the manufacturing sector.

The rise was mainly driven by a faster expansion in new orders and employment.

"New orders (57.8) was at its highest level since June, as was employment (53.7). Also, the proportion of positive comments for November (68.6%) was a healthy pick up from both October (61.8%) and September (58.7%). A number of comments centred on seasonal factors at play, although others mentioned good customer demand, both domestically and offshore," Business NZ's executive director for manufacturing, Catherine Beard, said.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.