Financial News: New Zealand Manufacturing Index Improves In April -

New Zealand Manufacturing Index Improves In April - BusinessNZ

05/09/2024 - 18:37:00 (RTTNews)

(RTTNews) - The manufacturing sector in New Zealand continued to contract in April, albeit at a slower pace, the latest survey from BusinessNZ revealed on Friday with a score of 48.9.

That's up from the downwardly revised 46.8 in March (originally 47.1), although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.

Among the individual components, production (50.8), employment (60.8) and finished stocks (50.4) expanded, while deliveries (48.4) and new orders (45.3) contracted.

"The PMI this year to date is consistent with manufacturing GDP trailing year earlier levels. However, the details were a bit more mixed in April, rather than uniformly weak as has been the case over recent months," BNZ Senior Economist Doug Steel said.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Thailand GDP Growth Exceeds Expectations (12 min(s), 48 sec(s) ago)
(RTTNews) - Thailand's economy grew more than expected in the first quarter, driven by househo ...Full Story»

Hong Kong Jobless Rate Stable At 3.0% (01 hr(s), 32 min(s), 48 sec(s) ago)
(RTTNews) - Hong Kong's unemployment rate held steady in the February-April period, labour for ...Full Story»

Italy Construction Output Falls 1.9% (03 hr(s), 43 min(s), 48 sec(s) ago)
(RTTNews) - Italy's construction output decreased for the second straight month in March, acco ...Full Story»

China Keeps Lending Rates Unchanged As Expected (04 hr(s), 14 min(s), 48 sec(s) ago)
(RTTNews) - China central bank retained its benchmark lending rates as expected on Monday after th ...Full Story»

Taiwan Export Orders Surge 10.8%, More Than Forecast (04 hr(s), 19 min(s), 48 sec(s) ago)
(RTTNews) - Taiwan's export orders increased for the second straight month in April and at a f ...Full Story»

Malaysian Trade Surplus Shrinks In April (04 hr(s), 48 min(s), 48 sec(s) ago)
(RTTNews) - The Malaysian trade surplus decreased in April as imports grew faster than exports, da ...Full Story»

Thai Economy Grows 1.5% In Q1 (05 hr(s), 50 min(s), 48 sec(s) ago)
(RTTNews) - Thailand's economy continued to expand in the first quarter, though the pace of gr ...Full Story»

Japan Tertiary Activity Falls 2.4% (06 hr(s), 14 min(s), 48 sec(s) ago)
(RTTNews) - Japan's tertiary activity index decreased unexpectedly in March after rebounding i ...Full Story»