The Business NZ Performance of Services Index in New Zealand decreased to 46.9 in August of 2020 from an upwardly revised 54.4 in the previous month. Both activity (43.8 from 54.9 in July) and new orders (47.1 from 55.8) slipped into contraction territory while employment contracted further (47.0 from 49.7).

Services Pmi in New Zealand averaged 53.98 points from 2007 until 2020, reaching an all time high of 60.80 points in April of 2007 and a record low of 26.10 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 September of 2020. source: Business New Zealand

Services Pmi in New Zealand is expected to be 48.50 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 51.50 in 12 months time. In the long-term, the New Zealand Services Pmi is projected to trend around 52.50 points in 2021 and 53.00 points in 2022, according to our econometric models.

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New Zealand Services Pmi

Actual Previous Highest Lowest Dates Unit Frequency
46.90 54.40 60.80 26.10 2007 - 2020 points Monthly
SA


News Stream
NZ Services Sector Dips Back Into Contraction
The Business NZ Performance of Services Index in New Zealand decreased to 46.9 in August of 2020 from an upwardly revised 54.4 in the previous month. Both activity (43.8 from 54.9 in July) and new orders (47.1 from 55.8) slipped into contraction territory while employment contracted further (47.0 from 49.7).
2020-09-13
New Zealand Services PMI Unchanged in July
The Business NZ Performance of Services Index in New Zealand came in at 54.3 in July, unchanged from the previous month. Employment improved further (49.7 from 45.1 in June) while a slower growth was recorded for activity (54.4 from 58.3) and new orders (55.4 from 59.5).
2020-08-16
New Zealand Services Sector Bounces Back into Growth
The Business NZ Performance of Services Index in New Zealand rose to 54.1 in June from a revised 37.5 in the prior month. Improvements were seen in activity (58.7 from 23.7 in May); employment (45.1 from 40.5) and new orders (59.6 from 35.2).
2020-07-19
New Zealand Services PMI Improves in May
The BusinessNZ Performance of Services Index in New Zealand rose to 37.2 in May from a record low of 25.7 in the prior month. Improvements were seen in activity (32.5 from 10.6 in April) and new orders (35.1 from 16.1). On the other hand, employment continued to fall (40.9 from 42.4).
2020-06-14

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.