New Zealand manufacturing PMI for January 50.8 (prior 47.2) | Forexlive

New Zealand data, the BNZ – BusinessNZ Performance of Manufacturing Index (PMI) for January

• up to 50.8
• prior 47.2
• first expansion after 3 consecutive months of contraction
• still well below the long-term average activity rate of 53.0

BNZ Senior Economist, Craig Ebert

• “New Zealand’s manufacturing base appears to have reclaimed a sense of stability, and by doing so it meant New Zealand’s PMI wasn’t all that different to what the global PMI did in the month”.