New Zealand data, the BNZ – BusinessNZ Performance of Manufacturing Index (PMI) for January
- up to 50.8
- prior 47.2
- first expansion after 3 consecutive months of contraction
- still well below the long-term average activity rate of 53.0
BNZ Senior Economist, Craig Ebert
- “New Zealand’s manufacturing base appears to have reclaimed a sense of stability, and by doing so it meant New Zealand’s PMI wasn’t all that different to what the global PMI did in the month”.
