New Zealand December Manufacturing PMI 45.9 (prior 45.5)

New Zealand manufacturing pmi from BusinessNZ.

Comes in at 45.9 for December 2024

• prior 45.2
• in contraction for 22 consecutive months

• BusinessNZ says 2024 was the first time in the survey’s history that all 12 months were in contraction

BNZ:

• “the PMI is yet another New Zealand economic indicator that suggests parts of the economy are suffering the most they have since the GFC (excluding the COVID-turmoil)”.

This article was written by Eamonn Sheridan at www.forexlive.com.