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.

New Zealand Services Pmi
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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
Australia 52.10 Dec/18
Brazil 51.90 Dec/18
China 53.90 Dec/18
Euro Area 51.20 Dec/18
France 49.00 Dec/18
Germany 51.80 Dec/18
India 53.20 Dec/18
Italy 50.50 Dec/18
Japan 51.00 Dec/18
Russia 54.40 Dec/18
Spain 54.00 Dec/18
United Kingdom 51.20 Dec/18
United States 54.40 Dec/18


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