New Zealand services PMI, the BusinessNZ Performance of Services Index, for April 2025, 48.5
down from March’s 49.1well below the average of 53.0 over the history of the survey
BusinessNZ’s CEO, Katherine Rich said the sector has fallen back into a pattern of mild contraction
BNZ’s Senior Economist Doug Steel:
“for all the commentary around the economic recovery, the PSI is a good reminder that current conditions are extremely challenging. New Zealand’s PSI remains weaker than all our key trading partners. At 48.5, it’s consistent with a service sector still moving backwards”.
Earlier:
New Zealand April Manufacturing PMI shows an uptick in expansion to 53.9 vs. prior 53.2
This article was written by Eamonn Sheridan at www.forexlive.com.