Financial News: New Zealand Manufacturing PMI Sinks To 45.8 In

New Zealand Manufacturing PMI Sinks To 45.8 In October - BusinessNZ

11/14/2024 - 17:12:00 (RTTNews)

(RTTNews) - The manufacturing sector in New Zealand continued to contract in October, and at a faster pace, the latest survey from BusinessNZ revealed on Friday with a manufacturing PMI score of 45.8.

That's down from the upwardly revised 47/0 in September (originally 46.9) and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.

Among the individual components, production (44.5), employment (45.8), new orders (49.0), finished stocks (47.4) and deliveries (44.6) all were in contraction.

"Despite lower interest rates, the manufacturing sector continues to face significant headwinds. Recent business surveys have shown a sharp contrast between improved expectations for activity and weak current conditions," said BNZ Senior Economist Doug Steel.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Japan GDP Adds 0.2% On Quarter In Q3 (01 hr(s), 27 min(s), 05 sec(s) ago)
(RTTNews) - Japan's gross domestic product expanded by a seasonally adjusted 0.2 percent on qu ...Full Story»

Japan GDP Data Due On Friday (03 hr(s), 08 min(s), 05 sec(s) ago)
(RTTNews) - Japan will on Friday release preliminary Q3 numbers for gross domestic product, highli ...Full Story»

New Zealand Manufacturing PMI Sinks To 45.8 In October - BusinessNZ (03 hr(s), 29 min(s), 05 sec(s) ago)
(RTTNews) - The manufacturing sector in New Zealand continued to contract in October, and at a fas ...Full Story»

Powell Says Fed Doesn't Need To Be In A Hurry To Lower Rates (05 hr(s), 19 min(s), 05 sec(s) ago)
(RTTNews) - Following the Federal Reserve's decision to lower interest rates by a quarter poin ...Full Story»

Treasury Announces Details Of Twenty-Year Bond Auction (09 hr(s), 28 min(s), 05 sec(s) ago)
(RTTNews) - The Treasury Department on Thursday announced the details of this month's auction ...Full Story»

U.S. Crude Oil Inventories Climb More Than Expected (09 hr(s), 34 min(s), 05 sec(s) ago)
(RTTNews) - A report released by the Energy Information Administration on Thursday showed crude oi ...Full Story»

U.S. Jobless Claims Unexpectedly Dip To Nearly Six-Month Low (11 hr(s), 01 min(s), 05 sec(s) ago)
(RTTNews) - First-time claims for U.S. unemployment benefits unexpectedly edged lower in the week ...Full Story»

U.S. Producer Prices Rise 0.2% In October, In Line With Estimates (11 hr(s), 06 min(s), 05 sec(s) ago)
(RTTNews) - After yesterday's consumer price inflation data matched expectations, the Labor De ...Full Story»