Economic Buzz: New Zealand Manufacturing PMI Drops In April

13 May 2022 , 11:11 AM

According to BusinessNZ, the manufacturing sector in New Zealand continued to expand in April, albeit at a slower pace, with a PMI score of 51.2. Thats down from 53.8 in March, although it remains above the boom-or-bust line of 50 that separates expansion from contraction. Among the individual components of the survey, finished stocks (54.7) and new orders (56.0) expanded, while deliveries (49.5), production (49.1) and employment (49.8) were narrowly contracted. Powered by Commodity Insights