none

NZ MANUFACTURING ACTIVITY SLOWS

17-03-2016
by 
in 

New Zealand's manufacturing activity slowed in February, but overall the sector remains robust.

The BNZ-BusinessNZ Performance of Manufacturing Index for February was 56.0, down 2.0 points from the previous month. (A PMI reading above 50.0 indicates expansion).

The data also showed a contraction in employment for the first time since 2014.

The employment index reading was 48.5 in February, down from 54.7 in January.

However, the other sub-indexes of new orders and production remain very strong.

Economists expect employment to grow again in future months.

"We would be more concerned by the dip in the employment indicator this month if it were not for very strong new orders and ongoing underlying strength in broader spending indicators,” said BNZ Senior Economist Doug Steel.

“Overall, the PMI remains robust."

Related news & editorials

  1. 19.10.2021
    19.10.2021
    by      In
    Federal Opposition Leader Anthony Albanese visited leading Australian manufacturer DECO Australia on Thursday 7 October 2021.
    The Opposition Leader visited DECO to learn more about the company’s innovative manufacturing, processes and products, as well as to discuss issues faced by Australian SME... Read More
  2. 18.10.2021
    18.10.2021
    by      In
    Australian Resources and Energy Group AMMA welcomes today’s intervention of the Australian Government seeking to put an end to three months of damaging strikes at Fremantle Port.
    It has been reported the Australian Government has stepped in, utilising its powers under the Fair Work Act to seek an... Read More
  3. 18.10.2021
    18.10.2021
    by      In
    McCormick & Company Inc, a global leader in flavour, today announced plans to open a new, state-of-the-art, environmentally friendly, multi-purpose head office in Mentone.
    This new facility is currently under construction and is on schedule to provide a much-needed boost to manufacturing in... Read More
  4. 18.10.2021
    18.10.2021
    by      In
    The Australian Made Campaign is thrilled to announce that the iconic Australian Made, Australian Grown (AMAG) kangaroo logo is now a registered trademark in Japan and protected under local Japanese law.
    The symbol’s registration in Japan further protects the logo in the Japanese market, with... Read More
Products
Suppliers