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
41.1
Forecast
46.8
Previous
47.2
Source: Business New Zealand. Figures as released; revisions appear in the next print.
New Zealand Manufacturing PMI for June 2024 came in at 41.1 versus 46.8 expected (previous 47.2), below forecast, which was negative for the NZD.
What it meant for the New Zealand Dollar
The actual landed below the 46.8 forecast (5.7 below expectations). A reading above forecast is generally bullish for the NZD, and below forecast bearish. On this release the read was negative for the NZD.
New to this release? See what New Zealand Manufacturing PMI measures, the next release and its full history.