NZ Business PMI eases in April, still expansionary

FXStreet (Bali) - Business NZ PMI for April came in at 51.8 vs 54.6 prior, revised from 54.5. The data represents a 31st straight month of expansion.

BusinessNZ's executive director for manufacturing Catherine Beard, said: "Although the proportion of negative comments for April (43%) did not increase by a significant proportion from March, there was a distinct pattern of respondents mentioning the current economic situation across the ditch."

"Some outlined the high value of the New Zealand dollar relative to the Australian, while others mentioned the general lacklustre Australian economy causing lower demand for New Zealand products", Beard added.