New Zealand Private Sector Growth Rises to 6-Month High

2026-07-12 22:39 By Chusnul Chotimah 1 min. read

The BusinessNZ Performance of Composite Index increased to 53.6 in June 2026 from an upwardly revised 49.9 in the previous month.

It marked the first expansion in the private sector since January and the strongest growth since December 2025, as the services sector returned to expansion while manufacturing grew at its fastest pace since July 2021.

Manufacturing activity expanded despite continued pressure from high fuel prices, with all manufacturing sub-indices remaining in expansion territory.

Meanwhile, the services sector returned to growth as new orders and supplier deliveries moved back into expansion.

In contrast, activity/sales, stocks, and employment remained in contraction territory, although at a slower pace.

However, the recovery appears tentative rather than the strong rebound seen in the PMI this month.



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New Zealand Private Sector Growth Rises to 6-Month High
The BusinessNZ Performance of Composite Index increased to 53.6 in June 2026 from an upwardly revised 49.9 in the previous month. It marked the first expansion in the private sector since January and the strongest growth since December 2025, as the services sector returned to expansion while manufacturing grew at its fastest pace since July 2021. Manufacturing activity expanded despite continued pressure from high fuel prices, with all manufacturing sub-indices remaining in expansion territory. Meanwhile, the services sector returned to growth as new orders and supplier deliveries moved back into expansion. In contrast, activity/sales, stocks, and employment remained in contraction territory, although at a slower pace. However, the recovery appears tentative rather than the strong rebound seen in the PMI this month.
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