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


Trend setter - BNZ - BusinessNZ PMI Index

Media release
15 August 2013

Trend setter

Manufacturing activity for July continued the trend of healthy expansion in the sector, according to the latest BNZ - BusinessNZ Performance of Manufacturing Index (PMI).

The seasonally adjusted PMI for July was 59.5 (a PMI reading above 50.0 indicates that manufacturing is generally expanding; below 50.0 that it is declining).  This was 4.3 points higher than June, and compared with previous July results the 2013 value was the highest since the survey began in 2002, as well as the third highest monthly result on record.  Overall, the first seven months of 2013 has averaged a healthy 56.3.

BusinessNZ’s executive director for manufacturing Catherine Beard said that the July result provides further impetus into a continuing trend of a sector in good heart for 2013.

“Unlike the lacklustre results during the middle part of 2012, the 2013 results have not only held up, but have improved since the start of the year.  Positive comments from manufacturers have surged to 67.3%, highlighting an increase in foreign and domestic orders, as well as an uplift in the general economy.

“Like previous months, strong new orders and production remain a key element for overall growth in the sector, which was evident in July.  In addition, deliveries of raw materials produced its highest level of activity since the survey began, further boosting the overall result.”

BNZ economist Doug Steel said the PMI results were very impressive given the marked slowdown in the Australian economy and its importance for NZ manufactured exports. “It just shows how positive domestic demand is becoming.” 

Given the continuing healthy levels of activity in the sector, all five seasonally adjusted main diffusion indices were again in expansion for July.  Deliveries of raw materials (62.3) led the way for July by the thinnest of margins, as production (62.2) and new orders (62.1) were almost identical in terms of activity.  Employment (53.1) picked up 1.2 points after a dip in expansion for June, while finished stocks (52.6) remained at a similar level to the previous month.

Expansion was experienced in all parts of the country in July.  The Canterbury region (62.7) led the way in July, recovering from a dip in expansion in June.  The Northern region (60.2) continued to show healthy growth, while the Central region (58.3) returned to expansion after a slight fall into contraction during the previous month.  The Otago-Southland region (54.7) improved 1.5 points from June, and has now been in expansion for three consecutive months.

Click here to view the July PMI.
Click here to view seasonally adjusted & unadjusted time series data


© Scoop Media

Business Headlines | Sci-Tech Headlines


Stats NZ: Largest Drop In Terms Of Trade In A Decade As Dairy Export Prices Sour

Lower export prices for dairy, meat, and logs in the September 2020 quarter led to the biggest drop in terms of trade since June 2009, Stats NZ said today. Export prices fell in the September 2020 quarter, down 8.3 percent from its highest ever ... More>>


Stats NZ: Election Boosts October Job Numbers

Job numbers were boosted by general election staff in October 2020, along with rises in the manufacturing, retail, and hospitality industries, Stats NZ said today. Filled jobs rose by 27,667 to 2.2 million in October 2020 compared with September, after ... More>>

Government: New Year Border Exception For Seasonal Workers In The Horticulture And Wine Industries

2000 additional RSE workers to enter New Zealand early next year employers must pay these workers at least $22.10 an hour employers will cover costs of managed isolation for the RSE workers RSE workers will be paid the equivalent of 30 hours work a week ... More>>


Media: Discovery, Inc. Completes Acquisition Of New Zealand’s Mediaworks TV Ltd

Auckland, New Zealand, December 1, 2020 - Discovery, Inc. (“Discovery”), the global leader in real-life entertainment, has completed its acquisition of New Zealand’s leading independent free-to-air commercial broadcaster, MediaWorks TV Ltd, now operating ... More>>

Department Of Conservation: Big Year Underway At Albatross Colony

Familiar faces are returning for the new season of Royal Cam, with a big breeding year underway for the toroa/northern royal albatross colony on Otago’s windswept Pukekura/Taiaroa Head. More than 120 albatrosses, a taonga species, have returned ... More>>

Real Estate: ASB Survey Reveals Majority Of Kiwis Expect House Prices To Keep Climbing


House price expectations are soaring as New Zealand’s housing market shifts up a gear. But stretched affordability is putting a dent in perceptions of whether it’s a good time to buy. While Kiwis reveal they do expect interest rates to fall further. ... More>>

Stats NZ: Births And Deaths: Year Ended September 2020

Births and deaths releases provide statistics on the number of births and deaths registered in New Zealand, and selected fertility and mortality rates. Key facts For the year ended September 2020: 57,753 live births and 32,670 deaths ... More>>