Business NZ Manufacturing PMI
Comes in at 46.9 for September 2024, thus remaining in contraction (its 19th straight month in contraction!)
- up for a third consecutive month and to its highest since April this year
- prior revised a touch higher to 46.1
BNZ’s Senior Economist Doug Steel:
- “while all sub-indices remain well below their historical average, four of the five series have moved closer to breakeven in the last three months since June”
