The dip in February comes after a very sharp increase in January (over December)
- February 53.4
- January 55.6 .... nope, revised down to 54.4 .... not quite as sharp as initially thought then
- December 51.2
NZ activity continues strong, just not quite as s strong as we have become accustomed to.
For the February survey:
- hot weather & storms affected meat and dairy processing
BNZ Senior Economist, Doug Steel
- "There is no doubting the Performance of Manufacturing Index has slowed over recent months. That said, February's PMI is hardly weak in exactly matching its long term average,"
