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Home » Forex Glossary » Performance of Manufacturing Index (PMI) New Zealand

Performance of Manufacturing Index (PMI) New Zealand

PMI measures the New Zealand Manufacturing sector's business sentiment by constructing a monthly survey of each of the manufacturing sector's different units. These units include employment, new orders, finished stock, production and deliveries. When concocting this index, a centerline valued at 50 divides the expansion and contraction expectations. If the value lies further away from 50, it indicates strong expansion or contraction expectations. Also when there is increased activity within the manufacturing sector it is a sign of economic expansion and inflationary pressures. Furthermore, the PMI displays the performance of each of New Zealand's regions: Northern, Central, Canterbury/Westland, and Southlant/Otago.