New Zealand September Manufacturing Performance Index: Economic Expansion Signal Yet to Be Confirmed

On September 12, 2025, the New Zealand Ministry of Business released the Manufacturing Performance Index for September. The reported value was 49.9, with no forecast provided; the previous reading was also 49.9.This index reflects New Zealand's business environment and serves as a key indicator for assessing overall economic conditions. A figure above the forecast would be supportive for the New Zealand dollar (NZD); a reading above 50 signals economic expansion, which is positive for the NZD, while a value below 50 may indicate contraction and could lead to NZD depreciation.The data carries an importance rating of 1. It is compiled monthly through a business survey covering five components: production, employment, new orders, inventory, and deliveries. The next release is scheduled for November 14, 2025.

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