BNZ - BusinessNZ Performance of Manufacturing Index (PMI) still in contraction, another decline in activity during April.
below the long-term average activity rate of 53.0
BNZ Senior Economist, Doug Steel comment on the report:
- “New Zealand’s PMI may be soft, but it is broadly in line with the 49.6 reading for the global equivalent in April. The latter reflects sub-50 readings to various degrees in each of the US, EU, UK, Australia, Japan, and China”.
