none
none

NZ manufacturing still expanding

22-05-2014
by 
in 

New Zealand’s manufacturing sector remains solid – and has now been in expansion for 19 consecutive months.

Despite a slight dip from the previous month, the seasonally adjusted BNZ - BusinessNZ Performance of Manufacturing Index (PMI) for April was 55.2 (a PMI reading above 50.0 indicates expansion).

This was 2.8 points lower than March, although similar to results experienced over the last eight months. The sector has been averaging 56.4 for the first third of 2014.

BusinessNZ’s executive director for manufacturing Catherine Beard said although the level of expansion wasn’t as strong as the previous month, activity was still healthy and positive across most of the sub-indices recorded.

"Comments from respondents remained more positive than negative, although a contributing factor to the lower level of expansion that came through was the lower number of working days in April because of the Easter/ANZAC break."

Four of the five seasonally adjusted main diffusion indices were in expansion during April.

Production (55.3), deliveries (55.3) and new orders (55.2) displayed almost identical levels of expansion, while employment (54.5) returned to levels seen in February. Finished stocks (49.3) were the only index to show any level of contraction, and returned to levels seen in February.

Related news & editorials

  1. Aurora Project
    24.01.2018
    24.01.2018
    by      In
    Aurora Solar Energy Project developer SolarReserve has made good on its promise to establish a presence in Australia with the opening of offices in both Adelaide and Port Augusta.
    “South Australia is leading the world in renewable energy technologies, and SolarReserve’s solar thermal power plant is... Read More
  2. 23.01.2018
    23.01.2018
    by      In
    Australia has had a strong 12 months of space industry expansion, with multiple high-profile space startups emerging, and hosting the the 68th International Astronautical Congress in September 2017, where the Australian Federal Government announced it would this year establish a National Space... Read More
  3. 23.01.2018
    23.01.2018
    by      In
    Leading Australian seed producer South Pacific Seeds is constructing a specialised processing plant to help develop its Asian and European export markets.
    The new AU$2.9 million plant in Naracoote, South Australia, will be part of a total investment of $5.4, which includes a $300,000 South... Read More
  4. 23.01.2018
    23.01.2018
    by      In
    Electricity retailer SIMEC ZEN Energy has won a contract to supply the South Australian Government with renewable-sourced electricity until at least 2025.
    Under the contract, SIMEC ZEN Energy will supply more than 80 per cent of the Government’s electricity needs in 2018 through a variety of... Read More