Manufacturing

Manufacturing activity slowed further in June with a 2.2 point drop from the previous month according to the Bank of New Zealand-Business NZ Performance of Manufacturing Index (PMI) to 45.7. Manufacturing activity has consolidated over the last six months, but this drop in the PMI in June was significant. It is the second lowest result since the Survey began in 2002, and is the lowest June value recorded. The previous lowest result »»

After several months of easing in manufacturing growth, Business New Zealand’s Performance Manufacturing Index (PMI) for March 2008 dropped 3.5 points from February to sit at 48.3.  Remember that a number below 50 indicates negative growth.  This drop means the March 2008 PMI is the lowest March value recorded since the survey began in August 2002; the first time the PMI has shown a decrease in overall activity since January »»

The rate of manufacturing growth appears to be easing, with the Business New Zealand PMI recording a figure of 53.8 in January.  This easing in expansion can be seen in the seasonally adjusted figures.  While the seasonally adjusted PMI for January recorded 53.3, where a PMI reading above 50.0 indicates that manufacturing is generally expanding, this was below the December 2007 seasonally adjusted PMI reading of 53.8 Examining the »»

Strong growth in November was followed by an easing of expansion levels in December 2007.  This easing of expansion can be seen in the Business NZ seasonally adjusted PMI for December.  The PMI for December recorded 53.8, where a PMI reading above 50.0 indicates that manufacturing is generally expanding, below 50.0 that it is declining.  In November 2007 the PMI was 56.7. Examining the sub-indexes, all five recorded expansion for »»