New Zealand Manufacturing Grows 14 Months Straight with Broad Industry Expansion
New Zealand's manufacturing sector has expanded for 14 consecutive months, with growth spreading across all main industry groups and regions, as reflected in the BNZ-BusinessNZ Performance of Manufacturing Index (PMI) reading of 53.1 for August. Increased new orders and solid production indicate positive momentum, supported by government initiatives like the Investment Boost to enhance productivity. Despite global uncertainties, New Zealand manufacturers are outperforming major economies, contributing significantly to employment, GDP, and exports while receiving strong governmental support.