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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
New ZealandNew Zealand Business NZ PMI fell to 49.9 in May 2026
FMPMonthlyReleased June 2026
New Zealand Business NZ PMI fell to 49.9 in May 2026, released June 2026, down 0.5 from April's 50.4 reading. The reading matched the 50 consensus. Business NZ PMI has now declined for 6 consecutive months. Over the past 3 months, Business NZ PMI averaged 51.85, vs 55.43 in the prior 3-month window. Business NZ PMI is now the lowest in 10 months.
Latest Release
49.9
Actual
50
Consensus
50.4
Previous
Median Absolute Error
±1.63
across last 12 releases
Last Call
Jun 2026
Predicted: 50
Actual: 49.9
Error: +0.1
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
THE RELEASE
Business NZ PMI (New Zealand) was reported at 49.90 in June 2026. This missed the market consensus of 50.00 by 0.10. The reading fell from the previous value of 50.40. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged 51.90, ranging from 48.80 to 56.10 across 11 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 51.80, down from the prior three at 54.23. Volatility over the past year (σ 2.39) is lower than the prior year (σ 4.02). In June readings over the past 3 years, Business NZ PMI has averaged 48.20.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with S&P 500 (Bearish S&P 500). Over the last 12 releases, the Sigmacast model's median absolute error is 1.63.
WHAT TO WATCH NEXT
The next release is scheduled for July 8, 2026. Same-country events in the next 14 days include GDP Growth Rate QoQ (Jun 17) and GDP Growth Rate YoY (Jun 17).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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Business NZ PMI - NZ
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About Business NZ PMI — New Zealand
DEFINITION
The Business NZ PMI (Purchasing Managers' Index) is a widely recognized financial indicator that measures the economic health of the manufacturing sector in New Zealand. It provides valuable insights into the current business conditions, including production levels, new orders, employment, and supplier deliveries. This index is based on a survey of purchasing managers from various industries, making it a reliable and timely measure of the country's overall economic performance. The Business NZ PMI is a crucial tool for investors, policymakers, and businesses to make informed decisions and assess the state of the New Zealand economy.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2026): actual 49.9, consensus 50. Prior reading (Apr 2026): 50.5. Before that (Mar 2026): 53.2.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with S&P 500 (Bearish S&P 500, r=-0.60) — a useful reference for index-focused traders.