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Actual | Forecast | Previous | Revised Form | |
| 52.0 | 52.9 | N/A | |||
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For January
From the Release: "New Zealand’s manufacturing sector started the New Year much as it finished the final few months of 2009 – modestly in expansion mode. This is the broad conclusion from January’s Performance of Manufacturing Index, despite it easing a touch to a seasonally adjusted 52.0, from 53.0 in December last year. Still, being above 50, it represents the fifth consecutive month of expansion following more than a year of intense pain caused by the potent cocktail of parallel global and domestic recessions. Encouragingly, the past two months are the highest readings over the past two years. The expansionary flavour of the PMI overall, including in the production index, over recent months is consistent with our view that manufacturing GDP posted positive growth in Q4 last year. Further growth is likely in Q1. However, this should be read as a modest recovery off a low base, rather than a position of strength, given that it follows seven consecutive quarters of decline. Growth is not yet strong enough for net positive job creation in the manufacturing sector. This was clearly evident, at least to Q4 last year, in the official employment figures released last week where the manufacturing sector, on net, continued to shed jobs." |
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| 12/10 | 1/21 | 2/11 | 3/11 | 4/15 | 5/13 | 10/14 | 11/11 | 1/20 | 2/10 | ||
| Actual | 35.4 | 42.5 | 42.0 | 38.6 | 40.7 | 43.7 | 51.7 | 50.6 | 52.9 | 52.0 | |
| Forecast | |||||||||||
| Previous | 43.5 | 35.4 | 42.5 | 41.8 | 38.6 | 40.7 | 48.7 | 51.7 | 51.8 | 52.9 | |
| Revised From | N/A | N/A | N/A | 42.0 | N/A | N/A | N/A | N/A | N/A | N/A | |
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Actual | Forecast | Previous | Revised Form | |
| 52.9 | 51.8 | N/A |
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Actual | Forecast | Previous | Revised Form | |
| 50.6 | 51.7 | N/A | |||
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For October
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Actual | Forecast | Previous | Revised Form | |
| 51.7 | 48.7 | N/A | |||
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For September
From the Release: "The BNZ Capital - Business NZ seasonally adjusted PMI for September (51.7) rose 2.9 points from August to record the first overall level of expansion in the sector since April 2008. The September 2009 result was also the highest value since February 2008, and the highest September result since 2007. Four of the five seasonally adjusted main diffusion indices displayed expansion. New orders (56.3) again led the way with its highest result since November 2007, while production (51.6) bounced back from a decline in August to record its highest level since April 2008. Employment (51.2) displayed positive growth for the first time since January 2008, and a significant boost on the record lows experienced throughout 2009. Deliveries of raw materials (51.1) continued to improve with expansion for the current month, while finished stocks (44.4) was the only sub-index continuing to show decline." |
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Actual | Forecast | Previous | Revised Form | |
| 43.7 | 40.7 | N/A | |||
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For April
From the Release: "Manufacturing had its second consecutive improvement in April, although the sector continues to remain in contraction, according to the BNZ Capital - Business NZ Performance of Manufacturing Index (PMI). The seasonally adjusted PMI for April stood at 43.7. This was up 1.8 points from March, but 7.0 points lower than April 2008. The April result was also the highest since September 2008.
Business NZ chief executive Phil O’Reilly said that the sector had now
been in continuous contraction for one year, although recent results
had shown some cause for more positive views of the year ahead.
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Actual | Forecast | Previous | Revised Form | |
| 40.7 | 38.6 | N/A | |||
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For March
From the Release: "The BNZ Capital - Business NZ seasonally adjusted PMI for March (40.7) increased 1.8 points from February, but was still the third lowest result since the survey began. The 2009 result was also 6.5 points under the previously lowest March figure, while the manufacturing sector has now been in contraction for 11 months. All five seasonally adjusted main diffusion indices continued to display contraction, with most results similar to previous months. Production (37.1) improved from the February result, while employment (38.7) continued to slip further under the 40.0 mark. New orders (40.6) improved slightly to reach a similar result to January, while finished stocks (47.9) remained fairly consistent. Deliveries of raw materials (40.9) also showed little change over the first quarter of 2009." |
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Actual | Forecast | Previous | Revised Form | |
| 38.6 | 41.8 | 42.0 | |||
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For February
From the Release: "Last month manufacturing declined to its second lowest level on record. The BNZ Capital - Business NZ seasonally adjusted PMI for February (38.6) decreased 3.2 points from January, just the second time in four months that the PMI recorded a sub-40 result. The 2009 result is also the worst for a February month, being the first time activity had shown a decline. Overall, this represents ten consecutive months in contraction. All five seasonally adjusted main diffusion indices were again in contraction, with most displaying near record lows. Production (33.5) posted its second lowest result, edging closer to the November 2008 (29.0) value. New orders (38.3) slipped back to a sub-40 result, while employment (39.5) fell to its lowest ever figure. Finished stocks (49.2) remained close to no change, while deliveries of raw materials (40.6) exhibited its second worst outcome." |
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Actual | Forecast | Previous | Revised Form | |
| 42.0 | 42.5 | N/A | |||
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For January
From the Release: "The BNZ Capital - Business NZ seasonally adjusted PMI for January (42.0) decreased 0.5 points from December, and the second lowest recorded value since the survey began in 2002. The result is also the worst start to a year on record, with the previous lowest value for January being 48.3. Overall, this represents nine consecutive months in contraction, with the four most recent results under 44.0. All five seasonally adjusted main diffusion indices were in contraction, with most displaying worse results than the previous month. Production (39.3) posted its second sub-40 result, while new orders (40.8) slipped back from an improved result in December. Employment (43.6) continued to show some lift in its value, but still showing significant contraction. Finished stocks (48.8) fell back from a small level of expansion, while deliveries of raw materials (41.9) exhibited its third worst outcome." |
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Actual | Forecast | Previous | Revised Form | |
| 42.5 | 35.4 | N/A | |||
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For December
From the Release: " The Bank of New Zealand - Business NZ seasonally adjusted PMI for December (42.5) increased 7.3 points from November, but was still the second lowest recorded value since the survey began in 2002. It was also the lowest December result recorded, with a value below the 2005 result. The final result for 2008 shows that nine of the 12 months were in contraction for manufacturing, with eight consecutive values below 50. Four of the five seasonally adjusted main diffusion indices were in contraction, although all improving from November lows. Production (39.9) improved from the sub-30 result in November, while employment (41.9) for the first time since March 2008 improved on the previous month’s performance. New orders (42.2) recovered somewhat in December, with deliveries of raw materials (43.7) producing a similar upturn. Finished stocks (50.5) were the only index to show expansion in December, albeit at a very modest level. |
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Actual | Forecast | Previous | Revised Form | |
| 35.4 | 43.5 | N/A | |||
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For November
From the Release: "The Bank of New Zealand - Business NZ seasonally adjusted PMI for November (35.4) slipped 7.9 points from October and was again the lowest recorded value since the survey began in 2002. It was also the first time the main series value had recorded a sub-40 result. The significant fall mirrors offshore activity levels, and was the seventh consecutive month of contraction for the sector. All five seasonally adjusted main diffusion indices were in contraction, with four recording their lowest result to date. Production (29.3) experienced a significant fall to post its first sub-30 result, while employment (39.9) dropped back to under 40. New orders (35.0) fell during November while deliveries of raw materials (37.2) experienced its third consecutive fall. Finished stocks (47.3) remained largely unchanged from October, although still in contraction."
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