New Zealand Services Pmi

The Business NZ Performance of Services Index in New Zealand fell to 51.8 in April 2019 from 52.9 in the previous month. The latest reading pointed to the weakest expansion in the services activity since September 2012, as employment (48.6 from 50.7 in March); and inventories (48.3 from 49.7) declined. Also, sales (51.1 from 52.3) rose at the softest pace since August 2012. On the other hand, new orders (55.1 to 54.9) and supplier deliveries (51.6 from 50.9) increased further. Services Pmi in New Zealand averaged 54.45 from 2007 until 2019, reaching an all time high of 60.90 in April of 2007 and a record low of 44.70 in November of 2008.

Services Pmi in New Zealand is expected to be 54.80 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Services Pmi in New Zealand to stand at 57.00 in 12 months time. In the long-term, the New Zealand Services Pmi is projected to trend around 54.68 in 2020, according to our econometric models.

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New Zealand Business	Last	Previous	Highest	Lowest	Unit
Business Confidence	-37.50	-38.00	80.90	-76.40	percent	[+]
Manufacturing PMI	53.00	52.00	62.80	36.10		[+]
Industrial Production	0.30	-0.30	17.60	-10.50	percent	[+]
Capacity Utilization	92.80	92.80	93.60	86.33	percent	[+]
Changes in Inventories	105.00	148.00	769.00	-907.00	NZD Million	[+]
Car Registrations	4710.00	5855.00	6933.00	810.00		[+]
Internet Speed	14708.73	12865.57	14708.73	1998.81	KBps	[+]
IP Addresses	1778178.00	1690601.00	2110050.00	831298.00	IP	[+]
Services Pmi	51.80	52.30	60.90	44.70		[+]
Steel Production	49.92	53.48	89.00	30.94	Thousand Tonnes	[+]
Competitiveness Index	77.51	78.09	78.09	4.91	Points	[+]
Competitiveness Rank	18.00	16.00	25.00	16.00		[+]
Composite Pmi	51.30	51.70	59.50	40.00		[+]
Ease of Doing Business	1.00	1.00	3.00	1.00		[+]
Corruption Index	87.00	89.00	96.00	87.00	Points	[+]
Corruption Rank	2.00	1.00	4.00	1.00		[+]

New Zealand Services Pmi

The Business NZ Performance of Services Index (PSI) is a composite index based on the diffusion indexes for sales, new orders, delivered, inventories and employment. A reading above 50 indicates an expansion of the Services sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change. This page provides - New Zealand Services Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Services Pmi - actual data, historical chart and calendar of releases - was last updated on May of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	51.80	52.30	60.90	44.70	2007 - 2019		Monthly	SA

Country	Last		Previous	Range
Australia	46.50	Apr/19	44.8	63 : 32.5	Index Points
Brazil	49.90	Apr/19	52.7	57.1 : 36.9	Index Points
China	54.50	Apr/19	54.4	54.7 : 50	Index Points
Euro Area	52.50	May/19	52.8	58.3 : 39.2	Index Points
France	51.70	May/19	50.5	62.9 : 40.2	Index Points
Germany	55.00	May/19	55.7	60.3 : 41.3	Index Points
India	51.00	Apr/19	52	57.5 : 44.6	Index Points
Italy	50.40	Apr/19	53.1	57.7 : 42.3	Index Points
Japan	51.80	Apr/19	52	55.3 : 46.4	Index Points
Russia	52.60	Apr/19	54.4	58.4 : 41.3	Index Points
Spain	53.10	Apr/19	56.8	60.3 : 36.8	Index Points
United Kingdom	50.40	Apr/19	48.9	62.5 : 40.1	Index Points
United States	50.90	May/19	53	61 : 49.3	Index Points