Rising stocks – PMI 17 Oct 2014 The manufacturing sector experienced its fourth consecutive increase in expansion levels during September, according to the latest BNZ - BusinessNZ Performance of Manufacturing Index (PMI).The seasonally adjusted PMI for September was 58.1 (a PMI reading above 50.0 indicates that manufacturing is generally expanding; below 50.0 that it is declining). This was 1.1 points higher than August, and the second highest result recorded so far for 2014.BusinessNZ's executive director for manufacturing Catherine Beard said that the continued upwards track of the overall result was encouraging for the sector."Although the start of 2014 produced some healthy expansion results, activity levels recorded during the middle of the year were at a more moderate pace. The fact that the last two months have shown strong growth bodes well for the manufacturing sector as we enter the last quarter of the year."BNZ Senior Economist Craig Ebert said "A falling trend in the NZ dollar will help manufacturers' export revenue but will also create pressure on import costs and the servicing of any unhedged foreign-currency debt."All five seasonally adjusted main diffusion indices were in expansion during September. Deliveries (62.4) led the way, with its highest result since July 2013. New orders (60.0) rose 1.5 points, while production (59.3) dropped 1 point, although still showing very healthy levels of activity. Finished stocks (58.1) recorded its highest value since the survey began in 2002, while employment (56.0) rose another 2.0 points.All four regions were in expansion during September. In the North Island, the Northern region (58.9) decreased 1.7 points after a large increase in expansion during August. The Central region (53.5) recovered from consecutive months in contraction to record its highest value since May. In the South Island, the Canterbury/Westland region (55.9) rose 1.2 points, while the Otago-Southland region (65.4) continued its upwards trend with a strong result for September.Click here to view the September PMIClick here to view seasonally adjusted & unadjusted time seriesFor media comment, contact Catherine Beard 0274 633 212 or Kathy Riley 027 216 3743 For more information or assistance with data interpretation, contact Stephen Summers, ph 04 496 6564, ssummers@businessnz.org.nz. We acknowledge the ongoing support of our sponsor The BNZ - BusinessNZ Performance of Manufacturing Index (PMI) is proudly sponsored by BNZ and draws on the depth of member companies associated with BusinessNZ: Major Sponsor Supporting Partners In this section Media Releases Commentaries Photos Back to Business Cocktail Party 2019 State of the Nation Lunch Back to Business 2020 Deloitte and Chapman Tripp Election Conference 2020 - Leaders' Address Back to Business 2021 PMI Results July ReleaseValue: 52.7Change: +2.7Status: expanding Learn more . BNZ - BusinessNZ PMI Time Series Data View seasonally adjusted and unadjusted time series data for the BNZ - BusinessNZ PMI. Related Articles On the margins – PMI Mid year blues – PMI Soldering on – PMI Slow grind – PMI Slowly does it – PMI View more Sponsor StatementBNZ is delighted to be associated with the Performance of Manufacturing Index (PMI) and BusinessNZ.This association brings together the significant experience of leading business advocacy body BusinessNZ, and business finance specialist BNZ.We look forward to continuing our association with BusinessNZ and associated regional organisations, and to playing our part in the ongoing development of the New Zealand manufacturing sector. View website