The Business NZ Performance of Services Index in New Zealand climbed to 56.3 in January 2019 from an upwardly revised 53.2 in the previous month. The reading pointed to the strongest expansion in services activity since May, driven by an improvement in activity (+9.2 points to 61.5); new orders (+1.8 points to 61.4), employment (+2.5 points to 52.9), and supplier deliveries (+0.2 points to 51.9). In contrast, inventories dropped 1.3 points to 49.9, falling in contraction territory. Services Pmi in New Zealand averaged 54.49 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 54.71 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 53.10 54.80 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 4319.00 5871.00 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 56.30 53.20 60.90 44.70 [+]
Steel Production 58.01 53.89 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 55.30 55.10 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 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 February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
56.30 53.20 60.90 44.70 2007 - 2019 Monthly
SA




Country Last Previous
Australia 44.30 Jan/19
Brazil 52.00 Jan/19
China 53.60 Jan/19
Euro Area 51.20 Jan/19
France 47.80 Jan/19
Germany 53.00 Jan/19
India 52.20 Jan/19
Italy 49.70 Jan/19
Japan 51.60 Jan/19
Russia 54.90 Jan/19
Spain 54.70 Jan/19
United Kingdom 50.10 Jan/19
United States 54.20 Jan/19


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