New Zealand manufacturing PMI for March 53.2 (prior 53.9)

BNZ – BusinessNZ Performance of Manufacturing Index (PMI).

March 2025 53.2

• prior 53.9

Expansion for a third consecutive month

BusinessNZ’s Director, Advocacy Catherine Beard:

• “The sub-index values were mostly in expansion during March."

BNZ’s Senior Economist Doug Steel

• “the PMI supports the notion that manufacturing GDP has increased in early 2025. The open question is what lies ahead given recent extreme volatility on global markets following rapidly evolving US-driven trade policy changes. Risks to the global and NZ growth outlook are downward”.

Bolding above is mine. This cannot be emphasized enough.