FX.co ★ New Zealand's Business NZ PMI Stalls: No Change in Manufacturing Activity for November

In November 2025, New Zealand's Business NZ Performance of Manufacturing Index (PMI) held steady at 51.4 for the second consecutive month, signifying a period of stability in the country's manufacturing sector. The unchanging figure suggests that the sector neither contracted nor significantly expanded during this time, remaining above the threshold that separates expansion from contraction.

Business NZ has been relying on the PMI to gauge the health of the manufacturing industry, with 51.4 indicating modest growth that is consistent with the previous month's data from October 2025. As of December 11, 2025, the updated figures do not reflect major disruptions, suggesting that both domestic and export demands are maintaining a stable environment without significant economic pressures.

This stagnation comes as global markets watch closely for potential shifts in trade dynamics and economic strategies. For New Zealand manufacturers, the status quo offers predictability as they navigate through external economic challenges and continue to balance production levels with demand. As incoming data is continually assessed, businesses remain cautiously optimistic, maintaining focus on steady improvement for the forthcoming months.