New Zealand data – BusinessNZ Manufacturing PMI for March 48.1 (prior 52) | Forexlive

New Zealand data, the BNZ – BusinessNZ Performance of Manufacturing Index (PMI) long-run average is around 53.

March drops to 48.1

Commentary from the report:

BusinessNZ’s Director, Advocacy Catherine Beard said that the numbers behind the main March result showed the manufacturing sector facing some stiff headwinds ahead.
BNZ Senior Economist, Craig Ebert stated that “disappointing as New Zealand’s March PMI was, it wasn’t especially negative in longer-term context. Neither was it much out of line with manufacturing readings across the world of late”.