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
49.9
Forecast
51.5
Previous
52.8
New Zealand Manufacturing PMI for Aug came in at 49.9 versus 51.5 expected (previous 52.8), below forecast, which was negative for the NZD.
What it meant for the NZD
The actual landed below the 51.5 forecast (1.6 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.