The Performance of Services Index (PSI) in New Zealand fell to 51.2 in July of 2022 from a downwardly revised 54.7 in June. The reading pointed to the lowest growth in the services sector in five months, in a sing that e that the strong bounce, following the move to the Orange setting on the covid traffic light system in mid-April, might be running out of steam. A slowdown was seen in activity/sales (54.4 vs 55.8 in June), new orders/business (52.5 vs 60.5) and stocks (53.1 vs 54) and employment contracted (49.2 vs 52.7).
Business New Zealand
Services PMI in New Zealand averaged 53.55 points from 2007 until 2022, reaching an all time high of 61.50 points in April of 2021 and a record low of 26.70 points in April of 2020. This page provides - New Zealand Services Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Services PMI - data, historical chart, forecasts and calendar of releases - was last updated on September of 2022.
Services PMI in New Zealand is expected to be 52.00 points by the end of this quarter, according to 王者荣耀电竞(江西)积分排榜 global macro models and analysts expectations. In the long-term, the New Zealand Services PMI is projected to trend around 53.00 points in 2023, according to our econometric models.