The BNZ - BusinessNZ Performance of Manufacturing Index
Comes in at 56.8 for April
- The previous, March, result was revised higher to 58.0, from 57.8
Sub-indexes:
- New orders 62.4 (prior 63.2)
- Production 56.9 in April (60 in March)
- Employment 53 (53.5)
- Finished stocks 53.8 (52.8)
- Deliveries 54.6 (54)
BNZ senior economist Craig Ebert:
- "There weren't any significant jags in the main component detail of the PMI for April, leaving them all looking good"
- The other component detail that was encouraging was regards staffing. April's PMI index on employment was 53.0. This was about as robust as it was in March (53.5) and so still securely above its long-term average, of 50.5.