Steady operator – PMI 15 Oct 2015 55.4September+0.3Monthly Changeexpandingfaster rate Catherine Beard Director, Advocacy BusinessNZ View profile New Zealand's manufacturing sector again showed increased expansion in September, according to the latest BNZ - BusinessNZ Performance of Manufacturing Index (PMI). The seasonally adjusted PMI for September was 55.4 (a PMI reading above 50.0 indicates that manufacturing is generally expanding; below 50.0 that it is declining). This was 0.3 points higher than August, and the highest level of activity since February of this year. BusinessNZ's executive director for manufacturing Catherine Beard said that the continued upwards movement in overall manufacturing activity was assisted by healthy levels of both production and new orders. "Production was at its highest level since December last year, while new orders continued to improve. Overall, this should flow through into healthy results for the last quarter of the year". "In addition, the proportion of positive comments for September (58.7%) picked up slightly from August (57.2%), with comments typically focused on a more competitive New Zealand dollar, continued growth in new customers and standard seasonal factors at play". BNZ Senior Economist Doug Steel said the September PMI was very robust, especially sales and activity wise – a plus for economic growth through the second half of 2015. Something to watch is talk of some cost pressure appearing.View the Time Series Data Main Indicies Regional Results Manufacturing Snapshot Doug Steel Senior Economist, BNZ Manufacturing RobustThe Performance of Manufacturing Index was a picture of health in September, with particular strength in new orders and production.Read more Sales Positive, Cost Pressure BrewsSolid domestic demand, in one form or another, was a common positive factor noted by many respondents this month.Read more Construction Indicators Push HigherAnother push higher in residential building consents is a positive signal for manufacturers.Read more Domestic Spending AcceleratesSpending is ticking along rather swiftly, judging by the value of electronic card transactions.Read more . View full BNZ Manufacturing Snapshot PMI Time Series TableThe results are seasonally adjusted. National Indices Sep2014May2015 Jun2015 Jul2015 Aug2015 Sep2015 BNZ - BusinessNZ PMI 58.451.955.153.755.155.4 Production58.949.056.156.055.958.0 Employment 56.251.453.850.753.051.0 New Orders59.652.358.154.857.357.8 Finished Stocks58.154.951.151.852.952.8 Deliveries61.552.655.153.752.956.4 View the Time Series Data BNZ - BusinessNZ PMI Time Series January 2018 – September 2015 International ResultsJ.P. Morgan Global Manufacturing PMITM 1 Oct 201550.6 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 BNZ - BusinessNZ PMI Time Series Data View seasonally adjusted and unadjusted time series data for the BNZ - BusinessNZ PMI 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 Media Comment For media comment, please contact: Catherine Beard, BusinessNZ 04 496 6560 Doug Steel, BNZ 04 474 6799 Technical Comment For more information or assistance with data interpretation, please contact: Steve Summers 04 496 6564 ssummers@businessnz.org.nz Our Contributors The BNZ - BusinessNZ PMI contains data obtained through BusinessNZ's regional organisations About the PMI The BNZ - BusinessNZ Performance of Manufacturing Index is a monthly survey of the manufacturing sector providing an early indicator of activity levels.A PMI reading above 50 points indicates manufacturing activity is expanding; below 50 indicates it is contracting.The main PMI and sub-index results are seasonally adjusted. Related Articles Blooming good – PMI Steady state – PMI Now hiring – PMI Stretching out – PMI Pumping production – PMI View more