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New Zealand's manufacturing sector slowed significantly in April 2026, with the PMI dropping to 50.5. Escalating costs linked to Middle East conflict are impacting supply chains and new orders.
New Zealand officials are monitoring fuel supplies as petrol prices rise 33.6% and diesel 94.9% following conflict in the Middle East. Global oil prices hit US$102.40 per barrel as supply chain risks grow.
Prime Minister Christopher Luxon has announced a reduced $2.1 billion operating allowance for Budget 2026, down $300 million from previous estimates. The government will instead prioritise a $5.7 billion capital package to bolster infrastructure and essential services.