New Zealand manufacturing pmi from BusinessNZ.
Comes in at 45.9 for December 2024
- prior 45.2
- in contraction for 22 consecutive months
- BusinessNZ says 2024 was the first time in the survey’s history that all 12 months were in contraction
BNZ:
- “the PMI is yet another New Zealand economic indicator that suggests parts of the economy are suffering the most they have since the GFC (excluding the COVID-turmoil)”.
