The manufacturing sector in New Zealand continued to expand in May, and at an accelerated pace, the latest survey from Business NZ showed on Friday with a Performance of Manufacturing Index score of 57.1.
That's up from the upwardly revised 56.6 in April (originally 56.5), and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.
Among the individual components, production jumped to 61.1, while new orders climbed to 59.9.
"The production readings in the PMI have certainly kept our chins up, when recent results on manufacturing GDP have looked a bit wobbly," said Craig Ebert, BNZ Senior Economist.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.