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
51.4
Forecast
50.3
Previous
50.1
New Zealand Manufacturing PMI for Oct came in at 51.4 versus 50.3 expected (previous 50.1), above forecast, which was positive for the NZD.
What it meant for the NZD
The actual landed above the 50.3 forecast (1.1 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.