NZ data for manufacturing - purchasing managers index
It dipped in December but a nice bounce back in January
Comes in at 55.6
- from previous of 51.2
Comment on the result from BusinessNZ's executive director for manufacturing Catherine Beard:
- "The proportion of positive comments in January (50.7%) was down by a fair margin compared with December (63.3%) and November (65.1%). While seasonal factors such as Christmas and holidays are typically mentioned around this time of year, those outlining negative comments have also focussed on recent uncertainty that has led to softening activity and a slow start to the year for some"
And, from BNZ Senior Economist, Craig Ebert
- "while the NZ PMI has led the world for the last 5 years, the global PMI has now pretty much caught up. This suggests the international investment cycle is clicking into place and promises to self-sustain the global economic expansion. This should be good for manufacturing industries, New Zealand included".
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I'm posting this with the intention that someone, somewhere will have a glimmer of interest :-D
Everyone else is just lookin' at what the USD is doing
Fair enough I guess
One day, though, one day ... someone is going to wonder what the NZ economy is doing and they'll be able to do a catch up!
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