Business NZ manufacturing Purchasing Managers’ Index (PMI) for December: 57.7, prior was 55.2
BusinessNZ’s executive director for manufacturing Catherine Beard:
- 2014 represented another good year for New Zealand’s manufacturing sector
- “Over 2014, the PMI averaged 56.0, which was exactly the same as the average value for 2013. At the very least, the sector has remained in a position of healthy growth, with comments from respondents typically focused on ongoing and steady demand, both within New Zealand and offshore.”
BNZ senior economist Doug Steel:
- “The PMI results for manufacturing are consistent with broader indicators showing that the economy is in good heart. There is a lot to like with activity expanding at a solid clip with no inflation.”
