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NZ Manufacturing Hits 5-Year High as Breman Highlights Recovery

NZ Manufacturing Hits 5-Year High as Breman Highlights Recovery
Bloomberg Markets Thursday 09 July 2026, 00:30 UTC By Tracy Withers 1 min read
Key Points

NZ Manufacturing Hits 5-Year High as Breman Highlights Recovery New Zealand manufacturing expanded at the fastest pace in almost five years in June as central bank Governor Anna Breman pointed to a burgeoning economic recovery, underscoring this week’s decision to raise interest rates. The Performance of Manufacturing Index rose to 59.7, its highest level since July 2021, Business New Zealand and Bank of New Zealand said Thursday in Wellington. The index has hovered closer to 50 — the divide...

NZ Manufacturing Hits 5-Year High as Breman Highlights Recovery New Zealand manufacturing expanded at the fastest pace in almost five years in June as central bank Governor Anna Breman pointed to a burgeoning economic recovery, underscoring this week’s decision to raise interest rates. The Performance of Manufacturing Index rose to 59.7, its highest level since July 2021, Business New Zealand and Bank of New Zealand said Thursday in Wellington. The index has hovered closer to 50 — the divide between contraction and expansion — since the Iran war erupted in late February.
NZ (LOCATION) Breman Highlights Recovery NZ Manufacturing (ORG) Breman Highlights Recovery New Zealand (ORG) Anna Breman (PERSON) The Performance of Manufacturing Index (ORG) Business New Zealand and (ORG) Bank of New Zealand (ORG) Wellington (LOCATION) the Iran war (EVENT)
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