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
50.5
Forecast
50.5
Previous
52.8
New Zealand Manufacturing PMI for Apr came in at 50.5 versus 50.5 expected (previous 52.8), in line with forecast.
What it meant for the NZD
The actual landed in line with the 50.5 forecast. A reading above forecast is generally bullish for the NZD, and below forecast bearish.
New to this release? See what New Zealand Manufacturing PMI measures, the next release and its full history.