New Zealand Manufacturing PMI

Last Release

Feb 28, 2025

Actual

53.9

Units In

Points

51.4

Frequency

Monthly

Next Release

Apr 10, 2025

Time to Release

26 Days 9 Hours

Highest	Lowest	Average	Date Range	Source
63.9 Mar 2021	25.82 Apr 2020	52.5 Points	2002-2025	Business New Zealand

The Business NZ Performance of Manufacturing Index (PMI) is a composite index based on the diffusion indexes for production, new orders, delivered, inventories and employment. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.

Latest Updates

The BusinessNZ Performance of Manufacturing Index (PMI) in New Zealand rose to 53.9 in February, improving from reported 51.4 in January, marking its highest expansion since August 2022. This result is also above the survey’s average of 52.5 since its inception. All sub-index values were in expansion during February, with key areas such as Production (52.4 vs 51.5 in January) and New Orders (51.5 vs 51.3) reaching their highest levels since August 2022. Employment also saw a notable rise (54.0 vs 50.8), the highest since September 2021. Additionally, Finished Stocks (54.1 vs 52.3) and Deliveries (56.2 vs 52.2) showed impressive growth, with Deliveries experiencing the strongest expansion among the sub-index values.