New Zealand Manufacturing PMI Sinks To 45.8 In October - BusinessNZ

2024-11-13 5002
(fxcue news) - The manufacturing sector in New Zealand continued to contract in October, and at a faster pace, the latest survey from BusinessNZ revealed on Friday with a manufacturing PMI score of 45.8. That's down from the upwardly revised 47/0 in September (originally 46.9) and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction. Among the individual components, production (44.5), employment (45.8), new orders (49.0), finished stocks (47.4) and deliveries (44.6) all were in contraction. "Despite lower interest rates, the manufacturing sector continues to face significant headwinds. Recent business surveys have shown a sharp contrast between improved expectations for activity and weak current conditions," said BNZ Senior Economist Doug Steel.
Sign In via X Google Sign In via Google
This page link:http://www.fxcue.com/326616.html
Tips:This page came from Internet, which is not standing for FXCUE opinions of this website.
Statement:Contact us if the content violates the law or your rights

Please sign in

关注我们的公众号

微信公众号