New Zealand Manufacturing PMI Jumps to 56.5 in September

Key Facts

1New Zealand's BNZ-BusinessNZ manufacturing PMI rose to 56.5 in September, marking its 15th consecutive month of expansion.

2Finished stocks and deliveries led the increase, while the employment sub-index returned to growth at 51.8.

New Zealand's BNZ-BusinessNZ manufacturing PMI rose to 56.5 in September, marking its 15th consecutive month of expansion. According to investinglive.com, the increase was led by finished stocks and deliveries, while the employment sub-index returned to growth territory at 51.8.

The data showed that production and new orders both climbed strongly to 57.0, indicating near-term resilience in the sector. A BNZ economist noted that, excluding June's reading, the September figure represents the highest level since 2021, even as 53% of businesses remain cautious due to high fuel costs and domestic election uncertainty.