A key barometer of manufacturing activity is pointing to contraction.
The BNZ-Business New Zealand performance of manufacturing index stood at 49.4 per cent in July, down from 50 in June and 55.9 in May.
Any reading below 50 indicates contraction. It was the weakest July for four years.
Of the five sub-indices, only new orders was in expansion territory - at 52.9 it was slightly above its average level of 52.5 over the past year.
Employment, at 47.7, was at its weakest level since October2009.