Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

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

 

NZ manufacturing activity dips in April

Friday 12 May 2017 10:53 AM

NZ manufacturing activity dips in April

By Rebecca Howard

May 12 (BusinessDesk) - New Zealand's manufacturing activity eased in April but remains in expansionary territory.

The Bank of New Zealand-BusinessNZ performance of manufacturing index was a seasonally adjusted 56.8 in April, down 1.2 points from March when it was 58. A reading of 50 separates expansion from contraction.

New Zealand's manufacturing sector has remained in expansion in almost every month since October 2012, buoyed by a construction boom that started in the post-earthquakes Christchurch rebuild and has extended to Auckland's housing market. The index is still well above the 53.2 it touched in January.

"There weren't any significant jags in the main component detail of the PMI for April, leaving them all looking good," said BNZ senior economist Craig Ebert. In particular, new orders were still leading from the front and production was reasonably expansive, he said.

Today's figures show the PMI's production sub-index fell to 56.9 in April versus 60 in March. Employment was largely unchanged at 53 versus 53.5 in the prior month. New orders eased to 62.4 from 63.2, while finished stocks ticked up to 53.8 from 52.8 and deliveries were 54.6 versus 54 in the prior month.

(BusinessDesk)

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Business Headlines | Sci-Tech Headlines

 
GenPro: General Practices Begin Issuing Clause 14 Notices

GenPro has been copied into a rising number of Clause 14 notices issued since the NZNO lodged its Primary Practice Pay Equity Claim against General Practice employers in December 2023.More

SPADA: Screen Industry Unites For Streaming Platform Regulation & Intellectual Property Protections

In an unprecedented international collaboration, representatives of screen producing organisations from around the world have released a joint statement.More

 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.