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New Zealand Manufacturing PMI (May) still in contraction at 48.9 (prior 48.8)

BusinessNZ Performance of Manufacturing Index (PMI) is still well under its longer run average of 53.0BusinessNZ’s Director, Advocacy Catherine Beard:New Zealand’s manufacturing sector has remained in a relatively tight band of contraction for the last three months. ... Beyond seasonal factors such as weather, comments tended to concentrate on slowing orders/deteriorating demand and lower sales levels. BNZ Senior Economist, Craig Ebert:the range of results in the sub-components is mirrored in t... Read More

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Content Topics

Zealand

Manufacturing

May

Still

Contraction

48 Prior

prior

Forex

Posted: Jun 15 2023, 22:33

Author Name: forexlive

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