New Zealand's manufacturing sector has shown a remarkable rebound at the start of 2025, as indicated by the latest Business NZ Performance of Manufacturing Index (PMI). The index rose to 51.4 in January, marking a notable recovery from December's contraction figure of 45.9.
The data, updated on 13 February 2025, illustrates a shift back into growth territory, as a PMI reading above 50 signifies expansion in the manufacturing sector. This positive movement suggests increased production activities and restored business confidence within the sector after a challenging end to 2024.
The improvement in the PMI is a hopeful sign for the broader New Zealand economy as it reflects potential recovery momentum in the domestic market and possibly stronger global demand. Stakeholders are keenly observing these trends, as sustained growth could herald future economic stability and expansion.
