BNZ – BusinessNZ Manufacturing Performance Index (PMI) for November 2024 fell further, to 45.5
- October was 45.8
Another ugly statement.
BusinessNZ Director, Catherine Beard Advocacy:
- Any momentum built up over July-September has now returned to being a backdrop to the sector
- Negative comments in October showed similar patterns to previous months, focusing on the lack of orders and the cost of living.
BNZ chief economist Doug Steel:
- The core message of the manufacturing sector remains under severe pressure. Recent industry surveys report that manufacturers are feeling more confident about the outlook, but there is little evidence of a general change in activity so far
This article was written by Eamonn Sheridan at www.forexlive.com.
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