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
52.8
Forecast
49.2
Previous
48.8
New Zealand Manufacturing PMI for Jul came in at 52.8 versus 49.2 expected (previous 48.8), above forecast, which was positive for the NZD.
What it meant for the NZD
The actual landed above the 49.2 forecast (3.6 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.