NZD BusinessNZ Services Index
Above 50.0 indicates expansion, below indicates contraction;
- NZD BusinessNZ Services Index Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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Jun 16, 2024 | 43.0 | 46.6 | |
May 12, 2024 | 47.1 | 47.2 | |
Apr 14, 2024 | 47.5 | 52.6 | |
Mar 17, 2024 | 53.0 | 52.2 | |
Feb 18, 2024 | 52.1 | 48.8 | |
Jan 22, 2024 | 48.8 | 51.1 | |
Dec 17, 2023 | 51.2 | 49.2 | |
Nov 12, 2023 | 48.9 | 50.6 |
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- NZD BusinessNZ Services Index News
- From bnnbloomberg.ca|Jun 16, 2024
New Zealand’s services sector, which makes up two-thirds of the economy, recorded its weakest level of activity in almost three years as consumers rein in spending. The Performance of Services Index dropped to 43 in May, Bank of New Zealand said Monday in Wellington. That’s the lowest since August 2021 when largest city Auckland was in lockdown, and the weakest since the survey began in 2007 if months affected by pandemic lockdowns are excluded. A reading below 50 signals the sector is contracting. High interest rates have curbed ...
- From interest.co.nz|Mar 18, 2024
Kiwibank says it's "pleased to be able to maintain leading rates across the major banks" in the six-month and one-year terms, "which have historically been the most popular terms for our customers". Kiwibank's increased its six-month offerings by 10bps, with a peak rate of 6.15%, while the rates from one-year and longer have all been dropped by between 5bps and 15bps. The number of residential properties being offered at auction declined for the second week in a row last week but there was no change in the overall sales rate. New ...
- From businessnz.org.nz|Dec 17, 2023
New Zealand's services sector recorded expansion in November, according to the BNZ - BusinessNZ Performance of Services Index (PSI). The PSI for November was 51.2 (A PSI reading about 50.0 indicates that the service sector is generally expanding; below 50.0 that it is declining). This was up 2.0 points from October, although still below the long-term average of 53.3 for the survey. BusinessNZ chief executive Kirk Hops said that the last few months has seen the sector bounce between contraction and expansion. That degree of contrast ...
- From businessnz.org.nz|Nov 12, 2023
New Zealand’s services sector went back into contraction in October, according to the BNZ – BusinessNZ Performance of Services Index (PSI). The PSI for October was 48.9 (A PSI reading above 50.0 indicates that the service sector is generally expanding; below 50.0 that it is declining). This was down 1.7 points from September, and well below the long-term average of 53.5 for the survey. BusinessNZ chief executive Kirk Hope said that the return to expansion in September was short lived, with the key sub-index results for Activity/Sales ...
- From businessnz.org.nz|Oct 15, 2023
New Zealand’s services sector experienced a return to expansion in September, according to the BNZ – BusinessNZ Performance of Services Index (PSI). The PSI for September was 50.7 (A PSI reading above 50.0 indicates that the service sector is generally expanding; below 50.0 that it is declining). This was up 3.0 points from August, although still below the long-term average of 53.5 for the survey. BusinessNZ chief executive Kirk Hope said that the September result broke the trend of three consecutive months in contraction for the ...
- From businessnz.org.nz|Sep 17, 2023
New Zealand’s services sector experienced its third consecutive drop in activity levels, according to the BNZ – BusinessNZ Performance of Services Index (PSI). The PSI for August was 47.1 (A PSI reading above 50.0 indicates that the service sector is generally expanding; below 50.0 that it is declining). This was down 0.9 points from July, and almost at the level seen back in January 2022. It was also well below the long-term average of 53.5 for the survey. BusinessNZ chief executive Kirk Hope said that the August result showed ...
- From businessnz.org.nz|Aug 13, 2023
New Zealand’s services sector experienced further contraction during July, according to the BNZ – BusinessNZ Performance of Services Index (PSI). The PSI for July was 47.8 (A PSI reading above 50.0 indicates that the service sector is generally expanding; below 50.0 that it is declining). This was down 1.8 points from June, and the lowest level of activity for the sector since January 2022. It was also well below the long-term average of 53.5 for the survey. BusinessNZ chief executive Kirk Hope said that there were a few key concerns ...
- From businessnz.org.nz|Jul 16, 2023
New Zealand’s services sector experienced a decline in expansion during June, according to the BNZ – BusinessNZ Performance of Services Index (PSI). The PSI for June was 50.1 (A PSI reading above 50.0 indicates that the service sector is generally expanding; below 50.0 that it is declining). This was down 3.0 points from May, and all but at the level of no change in activity. It was also well below the long-term average of 53.6 for the survey. BusinessNZ chief executive Kirk Hope said that while the sector just managed to keep its ...
Released on Jun 16, 2024 |
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Released on Mar 17, 2024 |
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Released on Dec 17, 2023 |
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Released on Nov 12, 2023 |
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Released on Oct 15, 2023 |
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Released on Sep 17, 2023 |
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Released on Aug 13, 2023 |
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Released on Jul 16, 2023 |
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