The Business NZ Performance of Services Index in New Zealand rose to 54.7 in July 2019 from an upwardly revised 53.0 in the previous month, above the long term average of 54.4. It was the strongest gain in services activity since January, driven by new orders/business (58.2 from 55.3 in June) and activity/sales (57.2 from 55.0). Also, employment (51.7 from 51.0) and stocks/inventories (54.4 from 53.6) improved slightly. Meanwhile, supplier deliveries fell further into contraction (48.8 vs 49.1). Services Pmi in New Zealand averaged 54.44 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 56.00 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 55.00 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 -44.30 -38.10 80.90 -76.40 percent [+]
Manufacturing PMI 48.20 51.10 62.80 36.10 [+]
Industrial Production 2.20 0.30 17.60 -10.50 percent [+]
Capacity Utilization 93.70 92.80 93.70 86.33 percent [+]
Changes in Inventories -201.00 105.00 769.00 -907.00 NZD Million [+]
Car Registrations 6061.00 5575.00 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 54.70 53.00 60.90 44.70 [+]
Steel Production 58.20 56.66 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 52.10 52.50 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 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. 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 August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
54.70 53.00 60.90 44.70 2007 - 2019 Monthly
SA




Country Last Previous
Australia 43.90 Jul/19
Brazil 52.20 Jul/19
China 51.60 Jul/19
Euro Area 53.20 Jul/19
France 52.60 Jul/19
Germany 54.50 Jul/19
India 53.80 Jul/19
Italy 51.70 Jul/19
Japan 51.80 Jul/19
Russia 50.40 Jul/19
Spain 52.90 Jul/19
United Kingdom 51.40 Jul/19
United States 53.00 Jul/19


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