BusinessNZ Manufacturing PMI (March): 54.7 (prior 56.0)

New Zealand manufacturing PMI for March from BusinessNZ 54.7

• prior .... prior revised from 56.0 to 55.9

Commentary from the report:

• BusinessNZ's executive director for manufacturing Catherine Beard said that the dip in expansion for March was across all the sub-indices, with employment in slight contraction for the second month running.
• BNZ Senior Economist Doug Steel said 'while there are some conflicting signals in the details, the PMI indicates ongoing growth in the manufacturing sector overall. NZ's PMI remains well ahead of many other major economy equivalents.'

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NZD is barely shifted