Business NZ January 2025 Manufacturing PMI moves into expansion for the first time in 23 months, at 51.4
- prior was 46.2, revised up a touch from 45.9
- the long run average is 52.5
BusinessNZ’s Director, Advocacy Catherine Beard:
- “All sub-index values were in expansion during January.”
BNZ’s Senior Economist Doug Steel:
- “it’s a positive start to 2025, with the manufacturing sector shifting out of reverse and into first gear. While the PMI still sits below its long-run average of 52.5, the improvement is welcome news for manufacturers after a very challenging two years”.
This article was written by Eamonn Sheridan at www.forexlive.com.
