Industrial production · New Zealand
New Zealand Manufacturing Sales YoY
The New Zealand Manufacturing Sales YoY measures the output of factories, mines and utilities in New Zealand (or of one industry).
- Importance
- Medium
- Released
- Quarterly
- Next release
- Currency
- NZD · New Zealand dollar
- Central bank
- The Reserve Bank of New Zealand
Latest figures
The latest release for Q2, published on 7 September 2026, came in at 6.4%, up from 2.8% the time before.
Over the last 7 releases it ranged from -0.7% to 10.0%, averaging 2.8%; it has been rising for three releases in a row.
| Released | For | Actual | Consensus | Previous |
|---|---|---|---|---|
| 7 Sep 2026 | Q2 | 6.4% | – | 2.8% |
| 8 Jun 2026 | Q1 | 2.8% | – | -0.7% |
| 11 Mar 2026 | Q4 | -0.7% | – | 0.9% |
| 10 Dec 2025 | Q3 | 0.9% | – | -0.6% |
| 8 Sep 2025 | Q2 | -0.6% | – | 4.1% ® |
| 8 Jun 2025 | Q1 | 10% | – | 0.8% |
| 10 Mar 2025 | Q4 | 0.8% | – | -1.6% |
Why it matters
Industry is a smaller share of output than services in most rich economies but it is far more cyclical and reacts first to global demand. Strong production supports growth estimates; capacity utilisation near its limits points to inflation pressure.
How it is calculated
Stats NZ combines physical output and deflated sales data for many industries into a volume index, adjusted for working days and seasons. Capacity utilisation divides output by estimated maximum output.
Change (mom) = index ÷ last month's index − 1
Capacity utilisation = output ÷ capacity × 100What changes mean
- Monthly changes are noisy (weather, holidays, strikes); compare with the year-on-year rate.
- In Germany, Japan, Korea and China industry carries more weight for the currency.
Higher than expected: A stronger figure than expected points to a healthier economy: it usually supports the New Zealand dollar and local stocks, and can push bond yields up.
Lower than expected: A weaker figure than expected points to slowing activity: the New Zealand dollar tends to soften and markets price in lower rates.
A short history
The US Federal Reserve has published its industrial production index since 1919; it is one of the series used to date US business cycles.
New Zealand was the first country to adopt formal inflation targeting, in 1990.
Questions
What is the New Zealand Manufacturing Sales YoY?
The New Zealand Manufacturing Sales YoY measures the output of factories, mines and utilities in New Zealand (or of one industry).
What was the latest New Zealand Manufacturing Sales YoY?
6.4% for Q2, published on 7 September 2026.
When is the next New Zealand Manufacturing Sales YoY?
On Thursday 10 December 2026 at 21:45 UTC.
Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.