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.

New Zealand Services Pmi
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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
Australia 46.50 Apr/19
Brazil 49.90 Apr/19
China 54.50 Apr/19
Euro Area 52.50 May/19
France 51.70 May/19
Germany 55.00 May/19
India 51.00 Apr/19
Italy 50.40 Apr/19
Japan 51.80 Apr/19
Russia 52.60 Apr/19
Spain 53.10 Apr/19
United Kingdom 50.40 Apr/19
United States 50.90 May/19


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