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New Zealand Manufacturing PMI Improves To 48.9 In May

Por: RTTNews Business June 16, 2023

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The manufacturing sector in New Zealand continued to contract in May, albeit at a slower pace, the latest survey from BusinessNZ revealed on Friday with a manufacturing PMI score of 48.9.That's up from the downwardly revised 48.8 in April (originally 49.1) and was well shy of forecasts for 50.2.Among the individual components, finished stocks (51.5) and new orders (50.8) expanded, while deliveries (46.0), production (45.7) and employment... + full article



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