New Zealand Services Pmi

The Business NZ Performance of Services Index in New Zealand fell to 53.0 in December of 2018 from a downwardly revised 53.4 in the previous month. The reading pointed to the weakest increase in services activity since June. Slower growth was recorded for sales (52.2 from 53.4 in November), which hit its lowest level of expansion since May 2014; and employment (50.3 from 55.5). In contrast, improvements were seen in new orders (59.2 from 57.5), stocks (51.3 from 50.4) and supplier deliveries (51.6 from 48.6). Services Pmi in New Zealand averaged 54.47 from 2007 until 2018, 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 54.71 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 54.68 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	-24.10	-37.10	80.90	-76.40	percent	[+]
Manufacturing PMI	55.10	53.70	62.80	36.10		[+]
Industrial Production	-0.30	1.70	17.60	-10.50	percent	[+]
Capacity Utilization	92.80	93.20	93.60	86.33	percent	[+]
Changes in Inventories	142.00	335.00	769.00	-907.00	NZD Million	[+]
Car Registrations	5871.00	5969.00	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	53.00	53.40	60.90	44.70		[+]
Steel Production	53.89	50.07	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	54.90	53.90	59.50	40.00		[+]
Ease of Doing Business	1.00	1.00	3.00	1.00		[+]
Corruption Index	89.00	90.00	96.00	88.00	Points	[+]
Corruption Rank	1.00	1.00	4.00	1.00		[+]

New Zealand Services Pmi

The Business NZ Performance of Manufacturing Index (PMI) is a composite index based on the diffusion indexes for production, new orders, delivered, inventories and employment. A reading above 50 indicates an expansion of the manufacturing 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 January of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	53.00	53.40	60.90	44.70	2007 - 2018		Monthly	SA

Country	Last		Previous	Range
Australia	52.10	Dec/18	55.1	63 : 39	Index Points
Brazil	51.90	Dec/18	51.3	57.1 : 36.9	Index Points
China	53.90	Dec/18	53.8	54.7 : 50	Index Points
Euro Area	51.20	Dec/18	53.4	58.3 : 39.2	Index Points
France	49.00	Dec/18	55.1	62.9 : 40.2	Index Points
Germany	51.80	Dec/18	53.3	60.3 : 41.3	Index Points
India	53.20	Dec/18	53.7	57.5 : 44.6	Index Points
Italy	50.50	Dec/18	50.3	57.7 : 42.3	Index Points
Japan	51.00	Dec/18	52.3	55.3 : 46.4	Index Points
Russia	54.40	Dec/18	55.6	58.4 : 41.3	Index Points
Spain	54.00	Dec/18	54	60.3 : 36.8	Index Points
United Kingdom	51.20	Dec/18	50.4	62.5 : 40.1	Index Points
United States	54.40	Dec/18	54.7	61 : 49.3	Index Points