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
53.2
Forecast
55.6
Previous
54.8
New Zealand Manufacturing PMI for Mar came in at 53.2 versus 55.6 expected (previous 54.8), below forecast, which was negative for the NZD.
What it meant for the NZD
The actual landed below the 55.6 forecast (2.4 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.