BusinessNZ manufacturing PMI reflecting the renewed restrictions imposed in New Zealand for the month.
BusinessNZ’s government director for manufacturing Catherine Beard:
- “After two months of enjoying catch-up, the extent three lockdown positioned on New Zealand’s largest inhabitants and financial area meant the sector would expertise one other hit. Whereas leads to different elements of the nation led to the nationwide end result holding its head above water, the most recent outcomes present how fragile and quick the restoration could be.”
- “Whereas the important thing indices of recent orders (54.0) and manufacturing (51.1) nonetheless remained constructive, employment (49.0) remained in contraction for the sixth consecutive month.”
BNZ Senior Economist Doug Metal:
- “an end result above the 50 breakeven mark – indicating a modicum of development occurred within the month – is arguably a commendable end result given greater than a 3rd of the nation moved into alert stage three for greater than half of the month.”
The brand new orders sub measure is encouraging: