New Zealand data - December manufacturing PMI plunges to 43.1, from 46.5 ...Middle East

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New Zealand data - December manufacturing PMI plunges to 43.1, from 46.5
The BNZ – BusinessNZ Performance of Manufacturing Index (PMI) slumped even further into contraction in December, to 43.1from 46.5 in Novemberlowest level since Octoberhas been in contraction for ten consecutive monthssecond lowest of 2023BusinessNZ says:July-December activity averaged only 45.0In December the key sub-index of Production (40.5) was at its lowest point for a non-lockdown COVID month since March 2009BNZ comments:“the December PMI reaffirms our view that economic conditions remain very difficult. While we expect the economy, and the manufacturing sector, to gain some momentum by end 2024, the next few months will remain challenging especially with retail spending and constructio

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