NZ manufacturing activity slows



New Zealand’s manufacturing sector fell in June, shedding the previous month’s gains, though activity continued to expand.

The BNZ-BusinessNZ Performance of Manufacturing Index fell a seasonally adjusted 5.6 points to 50.2 in June from a month earlier.

That’s the lowest June reading since 2009. A reading of 50 separates a contraction from an expansion.

Four of the five of the sub-indexes fell, led by production which dropped 8 points to 50.8 and new orders which sank 6 points to 51.2.

Employment slipped into contraction on 48.9 points, followed by deliveries down 5.5 points to 46.5. That’s its lowest level since October last year.

Finished stocks was little changed at 50.3 points.

Activity in machinery and equipment manufacturing, petroleum, coal, chemical and associated product tobacco and food, beverages all contracted in June.

Related news & editorials

  1. 20.03.2018
    by      In
    The NSW Government has announced a one-off package of up to $47 million to help local government and industry to respond to China’s National Sword policy.
    The announcement came from Environment Minister Gabrielle Upton, who said: “NSW has a strong kerbside recycling system and the Government,... Read More
  2. 20.03.2018
    by      In
    AMTIL will be using its presence at NMW to set the scene for a busy events programme over the coming year.
    AMTIL has a long-standing relationship with NMW, having colocated its own Austech exhibition with NMW for many years, and continuing to do so every second year in Melbourne. AMTIL’s... Read More
  3. 20.03.2018
    by      In
    A local  cosmetics brand called Australian Creams has topped a list of the most trusted national name among mainland Chinese consumers, according to a new index from Monash University.
    The brand, owned by family-run G&M Cosmetics and based in Sydney’s Sutherland Shire, was ranked above big-name... Read More
  4. 20.03.2018
    by      In
    NSW's rail expansion has been met with issues up and down the supply chain, but one of the earliest was the revalation that new trains were built too wide to safely fit through existing tunnels in the Blue Mountains. 
    Now, alongside prepared plans to alter existing tunnels, platforms, and stations... Read More