The Business NZ Performance of Services Index in New Zealand rose to 51.4 in October of 2020 from a revised 50.4 in the prior month. New orders (58.4 from 55.5 in September) expanded to its highest level since June, while improvements were seen in employment (49.5 from 48.9). On the other hand, activity (49.9 from 52.3) returned to contraction. source: Business New Zealand

Services Pmi in New Zealand averaged 53.94 points from 2007 until 2020, reaching an all time high of 60.80 points in April of 2007 and a record low of 26 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 November of 2020.

Services Pmi in New Zealand is expected to be 50.50 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 52.00 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
51.40 50.40 60.80 26.00 2007 - 2020 points Monthly
SA


News Stream
New Zealand Services PMI Improves in October
The Business NZ Performance of Services Index in New Zealand rose to 51.4 in October of 2020 from a revised 50.4 in the prior month. New orders (58.4 from 55.5 in September) expanded to its highest level since June, while improvements were seen in employment (49.5 from 48.9). On the other hand, activity (49.9 from 52.3) returned to contraction.
2020-11-16
New Zealand Services Sector Returns to Growth
The Business NZ Performance of Services Index in New Zealand rose to 50.3 in September of 2020 from a revised 47.2 in the prior month. Improvements were seen in activity (52.4 from 44.8 in August); employment (48.7 from 47.3) and new orders (54.9 from 48.0).
2020-10-18
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 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.