empty
 
 

2019.08.1518:45:00UTC+00New Zealand Manufacturing PMI Falls Into Contraction - Business NZ

The manufacturing sector in New Zealand swung into contraction territory in July, the latest survey from Business NZ revealed on Friday with a Manufacturing PMI score of 48.2.

That's down sharply from 51.1 in June, and it slips beneath the boom-or-bust line of 50 that separates expansion from contraction.

It also represents the survey's lowest score since August 2012.

Individually, deliveries, employment and new orders were in contraction, while production and finished stocks continued to expand.

"While July's result is no dead-set that the economy at large is contracting, the shrinkage is certainly something to take note of," BNZ Senior Economist Craig Ebert said.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback