New Zealand October Manufacturing Performance Index: Economic Expansion Signal Awaits Confirmation

On October 10, 2025, the New Zealand Ministry of Business released the October Manufacturing Performance Index. The actual reading was 49.9, with no forecast provided; the previous value was also 49.9.Definition: This index reflects New Zealand’s business climate and is published by the New Zealand Business Group. In terms of market impact, a reading above the forecast would be positive for the New Zealand dollar (NZD). If the index is above 50, it indicates economic expansion, which supports the NZD; conversely, a reading below 50 suggests contraction and is negative for the NZD.The data carries an importance rating of 1. It is compiled monthly through business surveys covering five key components: production, employment, new orders, inventories, and deliveries. The report also details performance across four regions: South, Central, Canterbury/Westland, and Otago/Southland. The index is released monthly, with the next publication scheduled for the following month.

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