On the up – PMI

10 May 2016




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Catherine Beard

Director, Advocacy BusinessNZ

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New Zealand's manufacturing sector experienced a lift in expansion for April, according to the latest BNZ - BusinessNZ Performance of Manufacturing Index (PMI).

The seasonally adjusted PMI for April was 56.5 (a PMI reading above 50.0 indicates that manufacturing is generally expanding; below 50.0 that it is declining). This was 1.8 points higher than March, and the highest level of expansion since January. The sector has been in expansion in almost all months since October 2012.

BusinessNZ's executive director for manufacturing Catherine Beard said that the lift in expansion for April was assisted by stronger expansion in production and new orders, while deliveries also recovered after a dip in March.

"The proportion of positive comments also remained above 60%, while comments centered on general market growth and increased orders, particularly from offshore. Overall, the April result represents another solid month for the sector."

BNZ Senior Economist, Doug Steel, said "the bounce in April, to 56.5, not only arrests that previous mild momentum loss but affirms the underlying above-average growth pulse that the manufacturing sector has displayed for many months now."

View the Time Series Data

Main Indicies

Regional Results

Manufacturing Snapshot

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Doug Steel

Senior Economist, BNZ


New Zealand's Performance of Manufacturing Index (PMI) looked more assured in April, following some signs of slowing over prior months. Not that it was actually slow, at 54.7, in March. Rather it had slowed from a rather fast pace during December/January.

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View full BNZ Manufacturing Snapshot

PMI Time Series Table

The results are seasonally adjusted.

National Indicies Apr
BNZ - BusinessNZ PMI 52.357.057.855.954.756.5
Employment 51.452.554.248.848.649.5
New Orders51.559.959.860.658.160.0
Finished Stocks53.255.254.457.055.353.7

View the Time Series Data

BNZ - BusinessNZ PMI Time Series

January 2018 – April 2016

PMI Time Series Graph

International Results

J.P. Morgan Global Manufacturing PMITM
3 May 2016


International PMI