New Zealand April Manufacturing PMI 49.1 (prior48.1)

BNZ – BusinessNZ Efficiency of Manufacturing Index (PMI) nonetheless in contraction, one other decline in exercise throughout April.

beneath the long-term common exercise fee of 53.0

BNZ Senior Economist, Doug Metal touch upon the report:

• “New Zealand’s PMI could also be gentle, however it’s broadly according to the 49.6 studying for the worldwide equal in April. The latter displays sub-50 readings to varied levels in every of the US, EU, UK, Australia, Japan, and China”.