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
48.8
Forecast
48
Previous
47.4
New Zealand Manufacturing PMI for Jun came in at 48.8 versus 48 expected (previous 47.4), above forecast, which was positive for the NZD.
What it meant for the NZD
The actual landed above the 48 forecast (0.8 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.