New Zealand Services Pmi

The Business NZ Performance of Services Index in New Zealand dropped to 52.7 in June 2019 from a revised 53.5 in the previous month, remaining below the long term average of 54.4. New orders/business growth slowed to its lowest level since September 2012 (54.8 vs 55.8 in May) and activity/sales also rose at a softer rate (54.7 vs 54.9). In addition, the pace of job creation remained subdued (50.9 vs 50.6), while supplier deliveries again fell back into contraction (49.4 vs 51.4). Services Pmi in New Zealand averaged 54.43 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 56.00 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 55.00 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	-38.10	-32.00	80.90	-76.40	percent	[+]
Manufacturing PMI	51.30	50.40	62.80	36.10		[+]
Industrial Production	2.20	0.30	17.60	-10.50	percent	[+]
Capacity Utilization	93.70	92.80	93.70	86.33	percent	[+]
Changes in Inventories	-201.00	105.00	769.00	-907.00	NZD Million	[+]
Car Registrations	6061.00	5575.00	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	52.70	53.50	60.90	44.70		[+]
Steel Production	56.66	61.00	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	51.80	51.40	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 July of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	52.70	53.50	60.90	44.70	2007 - 2019		Monthly	SA

Country	Last		Previous	Range
Australia	52.20	Jun/19	52.5	63 : 32.5	Index Points
Brazil	48.20	Jun/19	47.8	57.1 : 36.9	Index Points
China	52.00	Jun/19	52.7	54.7 : 50	Index Points
Euro Area	53.60	Jun/19	52.9	58.3 : 39.2	Index Points
France	52.90	Jun/19	51.5	62.9 : 40.2	Index Points
Germany	55.80	Jun/19	55.4	60.3 : 41.3	Index Points
India	49.60	Jun/19	50.2	57.5 : 44.6	Index Points
Italy	50.50	Jun/19	50	57.7 : 42.3	Index Points
Japan	51.90	Jun/19	51.7	55.3 : 46.4	Index Points
Russia	49.70	Jun/19	52	58.4 : 41.3	Index Points
Spain	53.60	Jun/19	52.8	60.3 : 36.8	Index Points
United Kingdom	50.20	Jun/19	51	62.5 : 40.1	Index Points
United States	51.50	Jun/19	50.9	61 : 49.3	Index Points