Manufacturing Production in New Zealand
The economy recorded an average growth rate of 0.7% in the manufacturing sector in the decade to 2022. In 2022, manufacturing growth was -5.3%, down from the 3.9% reading of the prior year.
New Zealand Manufacturing Chart
Note: This chart displays Manufacturing Production (ann. var. %) for New Zealand from 2014 to 2023.
Source: Macrobond.
New Zealand Manufacturing Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Manufacturing Production (ann. var. %) | 1.1 | -4.4 | 4.8 | -4.4 | -4.8 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects New Zealand manufacturing projections for the next ten years from a panel of 1 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable manufacturing forecast available for New Zealand manufacturing.
Download one of our sample reports to visualize what a Consensus Forecast is and see our New Zealand manufacturing projections.
Want to get access to the full dataset of New Zealand manufacturing forecasts? Send an email to info@focus-economics.com.