New Zealand manufacturing PMI for September improves to a still dire 46.9 (prior 46.1)

Business NZ Manufacturing PMI

Comes in at 46.9 for September 2024, thus remaining in contraction (its 19th straight month in contraction!)

• up for a third consecutive month and to its highest since April this year
• prior revised a touch higher to 46.1

BNZ’s Senior Economist Doug Steel:

• “while all sub-indices remain well below their historical average, four of the five series have moved closer to breakeven in the last three months since June”

This article was written by Eamonn Sheridan at www.forexlive.com.