The BusinessNZ Performance of Services Index in New Zealand decreased to a record low of 25.9 in April of 2020 from 37.3 in the previous month, dragged by a further contraction in activity (11.5 from 30.4 in March); employment (42.1 from 46.4) and new orders (16.4 from 34.7).
Services Pmi in New Zealand averaged 54.12 points from 2007 until 2020, reaching an all time high of 60.80 points in April of 2007 and a record low of 25.90 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 June of 2020. source: Business New Zealand
Services Pmi in New Zealand is expected to be 45.00 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 50.00 in 12 months time. In the long-term, the New Zealand Services Pmi is projected to trend around 51.00 points in 2021 and 53.00 points in 2022, according to our econometric models.