Next release
Released monthlyJul 8, 2026 22:30 UTC
in 17 days
Latest result
The most recent New Zealand Manufacturing PMI (Jun 11, 2026, May) printed 49.9 versus 50 expected (previous 50.4) — below forecast, negative for the NZD.
What it measures
The Business NZ Performance of Manufacturing Index surveys New Zealand factory managers on whether output, orders, and employment are rising or falling. A reading above 50 means manufacturing is expanding and below 50 contracting. Manufacturing is a modest part of New Zealand's farm and services heavy economy, so it is a secondary gauge.
A reading above 50 points to expanding factories and can lend the kiwi mild support, while a slide into contraction signals weakness. Because New Zealand's economy leans on agriculture and services, manufacturing carries less weight than in export-heavy economies. The kiwi typically responds more to dairy prices, Chinese demand, and the global risk mood than to this factory survey.
What a higher or lower New Zealand Manufacturing PMI means for the NZD
A stronger-than-expected reading points to a more resilient economy or higher-for-longer rates, which tends to draw capital into the NZD.
Higher than forecast
An actual above the 49 forecast is typically bullish for the NZD.
Lower than forecast
An actual below the 49 forecast is typically bearish for the NZD.
Release history
Every release of New Zealand Manufacturing PMI: actual vs forecast and the beat/miss outcome. Click a date for the full read of that release.
Frequently asked questions
- What is New Zealand Manufacturing PMI?
- The Business NZ Performance of Manufacturing Index surveys New Zealand factory managers on whether output, orders, and employment are rising or falling. A reading above 50 means manufacturing is expanding and below 50 contracting. Manufacturing is a modest part of New Zealand's farm and services heavy economy, so it is a secondary gauge.
- What was the latest New Zealand Manufacturing PMI reading?
- The most recent release (Jun 11, 2026, May) came in at 49.9, versus a forecast of 50 and a previous 50.4 — below expectations.
- When is the next New Zealand Manufacturing PMI?
- The next New Zealand Manufacturing PMI is scheduled for Jul 8, 2026. It is released monthly.
- What happens to the NZD if New Zealand Manufacturing PMI is higher than expected?
- An actual reading above the consensus forecast is typically bullish for the NZD, while a reading below forecast is bearish for the NZD. A stronger-than-expected reading points to a more resilient economy or higher-for-longer rates, which tends to draw capital into the NZD.
- How does New Zealand Manufacturing PMI affect the NZD?
- A reading above 50 points to expanding factories and can lend the kiwi mild support, while a slide into contraction signals weakness. Because New Zealand's economy leans on agriculture and services, manufacturing carries less weight than in export-heavy economies. The kiwi typically responds more to dairy prices, Chinese demand, and the global risk mood than to this factory survey.