The BusinessNZ Performance of Manufacturing Index in New Zealand was 55.0 in February, down from 55.1 in January, marking the first time since mid-2021 that activity recorded three consecutive months at 55.0 or higher. The result showed the sector expanding at a consistent rate, highlighting steady growth in the sector. All five sub-indexes were in expansion, led by New Orders at 57.6, followed by Production at 56.7, while Employment dipped to 50.4. Positive sentiment among manufacturers also improved, with 55.5% of respondents reporting favorable conditions, up from 47.7% in January but down from 57.1% in December. Growth was supported by more orders, enquiries, and sales, boosting export demand and conditions in certain sectors. Additional factors included a growing pipeline of work, a gradual improvement in business confidence, and steady activity levels.