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Overhang strategies and getting to know Qiulae Wong
Brent Edwards
Sat, 14 Nov 2026
Sat 14 Nov 2026 12:24:35am
MARKET MOVEMENTS
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Sat 14 Nov 2026 12:24:35am
MARKET MOVEMENTS
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Manufacturing activity remains ‘firmly positive’
The pace of expansion in the manufacturing sector slowed ahead of the November election, according to new data today.
The BNZ-BusinessNZ Performance of Manufacturing Index fell 1.4 points to 54.9 in October, when compared with September’s result of 56.3.
A reading over 50 indicated the sector was in expansion territory.
BusinessNZ advocacy director Catherine Beard said a softening in new orders and production was worth keeping an eye on.
“The Christmas build-up and steady infrastructure work suggests manufacturers are heading into the end of the year on a solid footing, even with input prices and the cost of living still weighing on many.”
Overall, employment was the weakest sub-index at 51.9, while new orders and production eased from September but remained in the expansion zone.
BNZ senior economist Doug Steel said the index could be volatile month by month, but the overall direction of travel remained “firmly positive”.
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Sat 14 Nov 2026 12:22:30am
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