{"id":73539,"date":"2025-10-12T09:07:33","date_gmt":"2025-10-12T09:07:33","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/73539\/"},"modified":"2025-10-12T09:07:33","modified_gmt":"2025-10-12T09:07:33","slug":"new-zealand-september-manufacturing-pmi-49-9-prior-49-9","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/73539\/","title":{"rendered":"New Zealand September Manufacturing PMI 49.9 (prior 49.9)"},"content":{"rendered":"<p data-v-4026719d=\"\">BusinessNZ Manufacturing PMI September 2025: 49.9 &#8230;&#8230;&#8230;&#8230;. close to expansion but no cigar<\/p>\n<p data-start=\"182\" data-end=\"498\" data-v-4026719d=\"\">New Zealand\u2019s Performance of Manufacturing Index (PMI) was unchanged at 49.9 in September, signalling continued contraction and a lack of momentum in the sector. The PMI averaged 50.9 in Q3, only marginally better than Q2\u2019s 49.9, underscoring that the recovery remains tentative despite forecasts for a Q3 rebound.<\/p>\n<p data-start=\"500\" data-end=\"856\" data-v-4026719d=\"\">The details were mixed: <\/p>\n<p>production rose slightly to 50.1 but new orders slipped to 50.3, erasing the prior month\u2019s strengthFour of the five sub-indices are hovering near the neutral 50 level. <\/p>\n<p data-start=\"500\" data-end=\"856\" data-v-4026719d=\"\">The latest QSBO showed manufacturers pessimistic about recent output but more upbeat about the next three months, suggesting tentative signs of a turning point.<\/p>\n<p data-start=\"858\" data-end=\"1039\" data-v-4026719d=\"\">Employment remains the weak spot, with the PMI jobs index falling to 47.5, consistent with further labour shedding even as hiring expectations in other surveys show some optimism.<\/p>\n<p data-start=\"1041\" data-end=\"1314\" data-v-4026719d=\"\">The Reserve Bank of New Zealand\u2019s 50 basis-point rate cut this week, taking the Official Cash Rate to 2.5%, and an expected final 25 bp cut in November should support the sector, though manufacturing activity still looks soft relative to hopes for a stronger H2 recovery.<\/p>\n","protected":false},"excerpt":{"rendered":"BusinessNZ Manufacturing PMI September 2025: 49.9 &#8230;&#8230;&#8230;&#8230;. close to expansion but no cigar New Zealand\u2019s Performance of Manufacturing&hellip;\n","protected":false},"author":2,"featured_media":22611,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,23462,139,69],"class_list":["post-73539","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-new-zealand-manufacturing-pmi","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/73539","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=73539"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/73539\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/22611"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=73539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=73539"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=73539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}