Manufacturing in New Zealand

New Zealand Manufacturing | Economic News & Forecasts

New Zealand - Manufacturing

The economy seems to have remained on an even keel following the first quarter’s relatively soft outturn, when a cooling services sector offset solid expansions across the manufacturing and construction sectors. On the one hand, unemployment fell to a 11-year low in Q2, while average consumer confidence was slightly more upbeat and the kiwi was relatively strong in the same period. This suggests consumer demand was healthy in Q2, further reflected by robust electronic card transactions growth in the quarter. On the other hand, downbeat business sentiment, which remained deeply entrenched in pessimistic territory in Q2, boded ill for investment activity growth, while merchandise export growth slowed amid ongoing global trade spats. Turning to the second half of the year, the Central Bank’s aggressive rate cut in August should bolster growth ahead.

New Zealand - Manufacturing Data

2013  2014  2015  2016  2017  
Manufacturing (annual variation in %)0.7  2.3  1.9  2.6  2.7  

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New Zealand Manufacturing Chart

New Zealand Industry
Note: Annual variation of manufacturing output in %.
Source: Statistics New Zealand and FocusEconomics calculations.

New Zealand Facts

Bond Yield1.471.20 %Jul 31
Exchange Rate0.66-1.69 %Jul 31
Stock Market4,7330.11 %Jul 31

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