Business NZ January Manufacturing PMI 51.4 (vs. prior 45.9)

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”.