empty
en
Support
Instant account opening
Trading Platform
Deposit/Withdraw

2022.05.1222:45:00UTC+00New Zealand Manufacturing PMI Slips To 51.2 In April - BusinessNZ

The manufacturing sector in New Zealand continued to expand in April, albeit at a slower pace, the latest survey from BusinessNZ revealed on Friday with a PMI score of 51.2.

That's down from 53.8 in March, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

Among the individual components of the survey, finished stocks (54.7) and new orders (56.0) expanded, while deliveries (49.5), production (49.1) and employment (49.8) were narrowly contraction.

"Supply problems certainly featured extensively in respondents' comments, including inferences that COVID, and related absenteeism, remains a big issue, even with recorded case numbers having peaked back in March. This provides valuable context to the negativity in the PMI's jobs index," said BNZ Senior Economist Craig Ebert.



Can't speak right now?
Ask your question in the chat.
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaSpot anyway.

We are sorry for any inconvenience caused by this message.