Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Manufacturing eases but positive signs


Manufacturing eases but positive signs

The latest ANZ-Business NZ PMI (performance of manufacturing index) shows the rate of manufacturing expansion fell slightly in March, but higher expansion levels for new orders gave encouraging signs for the future.

The PMI for March was 52.7, down 0.3 points from February and down 12.3 points from its peak of 65.0 in November of 2002 (however a PMI reading above 50 indicates manufacturing is generally expanding).

This moderate expansion was led by increases in the new orders and deliveries of raw materials sub-indexes. Higher levels of expansion in new orders are important for future increased manufacturing levels. The production, employment and finished stocks sub-indexes all declined in value from February to March, although all still indicated slight expansion.

The Canterbury/Westland region experienced a strong rebound in manufacturing levels, from recording no change (50.0) in February to recording strong expansion in March (63.1). The Central region lifted its showing from 54.2 in February to 55.2 in March, while manufacturing levels in the Northern and Otago/Southland regions declined over the same period.


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Elsewhere:


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>