New Zealand manufacturing continues to be in expansionary territory for May, although it has eased back slightly from the April expansion, with a seasonally adjusted PMI for May at 54.5.
Benchmarking
Service sector expansion softens, but employment picks up – PSI
The service sector experienced its sixth consecutive month of expansion, although activity softened slightly in April, with a seasonally adjusted PSI for April at 54.1.
Manufacturing expansion highest since 2004 – PMI
New Zealand manufacturing continues to be in expansionary territory for April, reaching its highest value since 2004, with a seasonally adjusted PMI for April at 58.9.
March brings boost to service sector expansion – PSI
The service sector received another boost in expansion to record its highest result since November 2007, with a seasonally adjusted PSI for March at 57.3.
Manufacturing expansion highest in 28 months – PMI
NZ manufacturing continues to head in the right direction with a strong boost in expansion for March, with a seasonally adjusted PMI for March at 56.3.
Service sector conditions pick up in February – PSI
The service sector continued along its path of solid, if unspectacular expansion for the second month of 2010, with a PSI for February at 53.1.
Manufacturing expansion gains further foothold in February – PMI
Ongoing strength in new orders meant manufacturing remained in positive territory for the second month of 2010, with a seasonally adjusted PMI for February at 53.3.
Service sector growth moderates in January – PSI
The service sector continued to show a recovery for the first month of 2010, despite the rate of expansion slowing, with a seasonally adjusted PSI for January at 53.1.
New orders keep manufacturing activity on right track – PMI
Ongoing strength in new orders kept manufacturing in positive territory for the first month of 2010, with a seasonally adjusted PMI for January at 52.
Xmas shows spring in step for service sector – PSI
The service sector continued to show solid activity for the last month of 2009, with a seasonally adjusted PSI for December at 54.4.
Steady but improved end for manufacturing year – PMI
Manufacturing activity ended the year on a positive note, with expansion small but steady, with a seasonally adjusted PMI for December at 52.9.
Service sector activity picks up heading into Christmas – PSI
The service sector is showing solid activity as Christmas approaches, with a seasonally adjusted PSI for November at 56.0.