The manufacturing sector in New Zealand continued to contract in May, albeit at a slower pace, the latest survey from BusinessNZ revealed on Friday with a manufacturing PMI score of 48.9.
That's up from the downwardly revised 48.8 in April (originally 49.1) and was well shy of forecasts for 50.2.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.