The BusinessNZ Performance of Services Index in New Zealand decreased to 47.9 in January of 2021 from a revised 49.1 in the previous month. The latest reading pointed to a third straight month of contraction, as both activity (46.4 from 51.0 in December) and employment (46.9 from 52.8) dipped into negative territory. On the other hand, new orders (53.7 from 50.9) expanded further. source: Business New Zealand
Services PMI in New Zealand averaged 53.83 points from 2007 until 2021, reaching an all time high of 60.80 points in April of 2007 and a record low of 26.80 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 March of 2021.
Services PMI in New Zealand is expected to be 51.00 points 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 52.50 in 12 months time. In the long-term, the New Zealand Services PMI is projected to trend around 53.00 points in 2022, according to our econometric models.