New Zealand's manufacturing sector saw activity increase in February after a dip in expansion during January, according to the BNZ - BusinessNZ Performance of Manufacturing Index (PMI).

The seasonally adjusted PMI for February was 55.2 (a PMI reading above 50.0 indicates that manufacturing is generally expanding; below 50.0 that it is declining). This was 3.0 points higher than January, and the highest level of expansion since September 2016. Overall, the sector has remained in expansion in almost all months since October 2012.