New Zealand Manufacturing PMI surveys factory purchasing managers on output, orders and hiring; a reading above 50 means manufacturing is expanding and below 50 means it is contracting.
Actual
47.3
Forecast
45.3
Previous
43.1
New Zealand Manufacturing PMI for Jan came in at 47.3 versus 45.3 expected (previous 43.1), above forecast, which was positive for the NZD.
What it meant for the NZD
The actual landed above the 45.3 forecast (2 above expectations). A reading above forecast is generally bullish for the NZD, and below forecast bearish. On this release the read was positive for the NZD.
New to this release? See what New Zealand Manufacturing PMI measures, the next release and its full history.