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).
Services Pmi in New Zealand averaged 54.01 points from 2007 until 2020, reaching an all time high of 60.80 points in April of 2007 and a record low of 25.70 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 July of 2020. source: Business New Zealand
Services Pmi in New Zealand is expected to be 47.00 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 50.50 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.