The BusinessNZ Performance of Services Index in New Zealand decreased to 54.4 in September 2019 from 54.6 in August. The latest reading pointed to the weakest expansion in the services activity since June and was also exactly at the long-term average. Slower growth was recorded for sales (54.4 from 56.1 in August); employment (52.7 from 53.4); stocks (51.8 from 53.5) and supplier deliveries (50.5 from 51.6). On the other hand, new orders advanced to 59.3 in September from 56.9 in August, its highest since January. 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 55.00 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 56.00 in 12 months time. In the long-term, the New Zealand Services Pmi is projected to trend around 57.00 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 -53.50 -52.30 80.90 -76.40 percent [+]
Manufacturing PMI 48.40 48.40 62.80 36.10 [+]
Industrial Production -0.40 2.10 17.60 -10.50 percent [+]
Capacity Utilization 92.40 93.70 93.70 86.33 percent [+]
Changes in Inventories 42.00 -220.00 769.00 -907.00 NZD Million [+]
Car Registrations 5037.00 4936.00 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 54.40 54.60 60.90 44.70 [+]
Steel Production 60.16 55.37 89.00 30.94 Thousand Tonnes [+]
Competitiveness Index 76.75 77.51 78.09 4.91 Points [+]
Competitiveness Rank 19.00 18.00 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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
54.40 54.60 60.90 44.70 2007 - 2019 Monthly
SA




Country Last Previous
Australia 51.50 Sep/19
Brazil 51.80 Sep/19
China 51.30 Sep/19
Euro Area 51.60 Sep/19
France 51.10 Sep/19
Germany 51.40 Sep/19
India 48.70 Sep/19
Italy 51.40 Sep/19
Japan 52.80 Sep/19
Russia 53.60 Sep/19
Spain 53.30 Sep/19
United Kingdom 49.50 Sep/19
United States 50.90 Sep/19


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