New Zealand manufacturing PMI for February 52.0 (prior 50.8)

New Zealand data, the BNZ – BusinessNZ Performance of Manufacturing Index (PMI) for February 2023.

Up from January's (revised) 51.2

The long run average for this indicator is 53.0, so while the February result is in expansion its still lagging the average

BNZ Senior Economist, Craig Ebert

• “it’s been a New Year gearshift, out of reverse. However, these are not what you’d call strong results – in total, and especially when delving into the details.
• That said, February’s PMI, like January’s, did denote expansion, overall, and is not all that far shy of its long-term average of 53.0″.

NZD NZD The New Zealand Dollar (NZD) is the official currency of New Zealand and the tenth most traded currency in the world. Also referred to as the Kiwi, the currency is also utilized in several Pacific islands, including Tokelau, the Cook Islands, Pitcairn islands, and Niue.The NZD’s history is long, extending back to 1934 with the creation of the Reserve Bank of New Zealand. While far from the most traded currency in the global forex market, the NZD has a key role nonetheless.The NZD is considered a The New Zealand Dollar (NZD) is the official currency of New Zealand and the tenth most traded currency in the world. Also referred to as the Kiwi, the currency is also utilized in several Pacific islands, including Tokelau, the Cook Islands, Pitcairn islands, and Niue.The NZD’s history is long, extending back to 1934 with the creation of the Reserve Bank of New Zealand. While far from the most traded currency in the global forex market, the NZD has a key role nonetheless.The NZD is considered a Read this Term/USD is not a lot changed, straddling 0.6100