Track the NZ BusinessNZ Manufacturing Index to gauge economic health; pivotal for NZD valuation.
A reading above 50.0 signifies growth, while a reading below indicates shrinkage.
What it Measures
This reflects the level of a diffusion index derived from feedback from manufacturers.
Usual Effect
When the 'Actual' figure surpasses the 'Forecast', it typically favors the currency.
Source & Frequency
BusinessNZ (latest release) - https://www.businessnz.org.nz/ • This data is published monthly, approximately 13 days following the end of the month.
How Data is Derived
Survey of manufacturers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories
Also Known As
Performance of Manufacturing Index
Acronym
N/A