New Zealand companies PMI (October) 46.zero (prior 45.7)

New Zealand’s companies sector PMI from the BNZ – BusinessNZ Efficiency of Companies Index (PSI) for October 2024:

46.zero

• prior 45.7
• nonetheless in contraction and effectively underneath the common of 53.1 over the historical past of the survey

BNZ’s Senior Economist Doug Metal remark:

• “though it’s contracting at a a lot slower tempo than it was in June (when the PSI was 41.1), the PSI has been hovering between 45 and 46 during the last 4 months. The exercise outlook for the sector has improved in latest enterprise surveys, however the right here and now stays extraordinarily difficult”.

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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