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
44.0
Forecast
42.5
Previous
41.1
Source: Business New Zealand. Figures as released; revisions appear in the next print.
New Zealand Manufacturing PMI for July 2024 came in at 44.0 versus 42.5 expected (previous 41.1), above forecast, which was positive for the NZD.
What it meant for the New Zealand Dollar
The actual landed above the 42.5 forecast (1.5 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.