BusinessNZ with the March Manufacturing PMI

57.8, a 14-month high

  • February was 55.2

BusinessNZ's executive director for manufacturing Catherine Beard:

  • "The key sub-indices of production (60.4) and new orders (64.3) were both above the 60 point mark for the first time since September 2016, with the latter at its highest level of expansion since June 2004".

BNZ Senior Economist, Craig Ebert:

  • "In addition, the pick-up in overall activity was mirrored by a corresponding lift in the proportion of positive comments, rising from 61.7% in February to 67.2% in March"
  • "while the recent rebound has been in all the right places, it's new orders that have stood out head and shoulders. This is a good sign that production will sustain its strong momentum"

Round it goes, like a record baby! (Shout out to the Rockstar economy)