In a positive sign for New Zealand's manufacturing sector, the country's Performance of Manufacturing Index (PMI) showed a robust increase for the month of February. The latest data, updated on 13 March 2025, shows the PMI rising to 53.9 in February from 51.4 in the previous month of January.
The New Zealand PMI, a vital indicator of the economic health of the manufacturing industry, surpassed the 50-point mark, which separates expansion from contraction. The latest figures suggest that the sector is experiencing a healthy rate of growth, with businesses reporting improved production levels and new orders.
Analysts attribute this upswing to a combination of factors, including a steady increase in demand both domestically and abroad. The recovery signals positive momentum as businesses continue to adapt to the shifting dynamics of the post-pandemic global economy. This uptick in manufacturing activity also aligns with broader expectations of economic stabilization and growth for New Zealand in 2025.
