22 Jan 2014
BNZ-Business New Zealand PMI at healthy levels
FXstreet.com (Bali) - The BNZ-Business NZ seasonally adjusted PMI for December stood at 56.4, says BNZ, adding "the sector has now been in expansion for 15 consecutive months, and averaged 56.0 over 2013."
Highlights - BNZ
"Four of the five seasonally adjusted main diffusion indices were in expansion during December. New orders (61.4) again led the way, with five of the last six months recording a post-60 point value. Production (57.2) eased slightly from November, while employment (55.2) produced its highest result since November 2007. Deliveries of raw materials (52.0) fell back slightly but remained in expansion, while finished stocks (48.6) showed contraction for the first time since April."
"After strong expansion across the country during November, activity by region was more subdued during December due to the shorter activity time. In the North Island, the Northern region (60.1) managed to produce its third consecutive post-60 result, which was the first time this has occurred since mid-2004. Both the Central (48.8) and Canterbury/Westland (49.9) regions fell back from November’s strong results, while the Otago-Southland region (58.3) continued at pace with a result similar to October."
"Manufacturing by industry sub-groups were almost all in expansion during December. Food, beverage & tobacco (58.7) remained in a healthy position during December, while machinery & equipment manufacturing (56.3) picked up pace from November’s result. Petroleum, coal, chemical & associated product manufacturing (54.4) dropped 8.2 points from November, while metal product manufacturing (49.0) experienced a slight decline during December."
"December also saw the proportion of positive comments for the month
(73.0%) break the 70% barrier, given recent months had recorded 66.2% in November, 63.8% in October and 58.1% in September. Globally, the
JPMorgan Global Manufacturing PMI for December was 53.3, which was the highest result in 32 months."
Highlights - BNZ
"Four of the five seasonally adjusted main diffusion indices were in expansion during December. New orders (61.4) again led the way, with five of the last six months recording a post-60 point value. Production (57.2) eased slightly from November, while employment (55.2) produced its highest result since November 2007. Deliveries of raw materials (52.0) fell back slightly but remained in expansion, while finished stocks (48.6) showed contraction for the first time since April."
"After strong expansion across the country during November, activity by region was more subdued during December due to the shorter activity time. In the North Island, the Northern region (60.1) managed to produce its third consecutive post-60 result, which was the first time this has occurred since mid-2004. Both the Central (48.8) and Canterbury/Westland (49.9) regions fell back from November’s strong results, while the Otago-Southland region (58.3) continued at pace with a result similar to October."
"Manufacturing by industry sub-groups were almost all in expansion during December. Food, beverage & tobacco (58.7) remained in a healthy position during December, while machinery & equipment manufacturing (56.3) picked up pace from November’s result. Petroleum, coal, chemical & associated product manufacturing (54.4) dropped 8.2 points from November, while metal product manufacturing (49.0) experienced a slight decline during December."
"December also saw the proportion of positive comments for the month
(73.0%) break the 70% barrier, given recent months had recorded 66.2% in November, 63.8% in October and 58.1% in September. Globally, the
JPMorgan Global Manufacturing PMI for December was 53.3, which was the highest result in 32 months."