New Zealand’s BusinessNZ Performance of Services Index dropped to 46.0 in March 2026 from a downwardly revised 47.6 in the previous month, marking the second straight month of contraction in services, due to the impact of the Iran war. The latest reading was also the lowest since May 2025, lower than the average of 52.8 over the history of the survey, as all sub-indexes deteriorated. Activity/sales (44.6 vs 47.5 in February), new orders (45.7 vs 48.8), employment (46.4 vs 47.0), and stocks (46.2 vs 46.5) all weakened. Meanwhile, the delivery times index edged down (47.3 vs 48.5), indicating the impact of the Middle East conflict. " The industries that deal mainly in discretionary spending (accommodation, cafes & restaurants; and cultural, recreational & personal services) have been especially impacted, and this is likely to reflect a lack of consumer confidence," BusinessNZ’s CEO, Katherine Rich, said. source: Business New Zealand

Services PMI in New Zealand decreased to 46 points in March from 48 points in February of 2026. Services PMI in New Zealand averaged 52.76 points from 2007 until 2026, reaching an all time high of 60.80 points in April of 2007 and a record low of 26.00 points in April of 2020. This page provides - New Zealand Services Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Services PMI in New Zealand decreased to 46 points in March from 48 points in February of 2026. Services PMI in New Zealand is expected to be 51.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the New Zealand Services PMI is projected to trend around 50.90 points in 2027, according to our econometric models.



Related Last Previous Unit Reference
Bankruptcies 81.00 87.00 Individuals Mar 2026
ANZ Business Confidence 32.50 59.20 points Mar 2026
NZIER Capacity Utilization 91.20 89.80 percent Mar 2026
Car Registrations 5406.00 3328.00 Units Mar 2026
Changes in Inventories 229.00 -385.00 NZD Million Dec 2025
Corruption Index 81.00 83.00 Points Dec 2025
Corruption Rank 4.00 4.00 Dec 2025
Industrial Production 0.70 -0.50 percent Dec 2025
Manufacturing Sales YoY -0.70 1.30 percent Dec 2025


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.

News Stream
New Zealand Service Shrinks the Most in 10 Months low
New Zealand’s BusinessNZ Performance of Services Index dropped to 46.0 in March 2026 from a downwardly revised 47.6 in the previous month, marking the second straight month of contraction in services, due to the impact of the Iran war. The latest reading was also the lowest since May 2025, lower than the average of 52.8 over the history of the survey, as all sub-indexes deteriorated. Activity/sales (44.6 vs 47.5 in February), new orders (45.7 vs 48.8), employment (46.4 vs 47.0), and stocks (46.2 vs 46.5) all weakened. Meanwhile, the delivery times index edged down (47.3 vs 48.5), indicating the impact of the Middle East conflict. " The industries that deal mainly in discretionary spending (accommodation, cafes & restaurants; and cultural, recreational & personal services) have been especially impacted, and this is likely to reflect a lack of consumer confidence," BusinessNZ’s CEO, Katherine Rich, said.
2026-04-12
New Zealand Services PMI Eases to 3-Month Low
New Zealand’s BusinessNZ Performance of Services Index fell to 48.0 in February 2026 from a downwardly revised 50.7 in the previous month, marking the first contraction in services activity since last November and underscoring the fragility of economic momentum. Most sub-indices weakened, including activity/sales (47.9 vs 53.8 in January), new orders slipped (49.3 vs 51.6), employment (47.2 vs 49.0), and stocks (46.7 vs 49.4). Meanwhile, the delivery times index edged down (48.7 vs 49.4), indicating faster supplier deliveries. Looking ahead, the March survey will be the first to capture the potential business impact of the turmoil in the Middle East, meaning hopes for a near-term rebound may prove premature.
2026-03-15
New Zealand Services PMI Falls Slightly
New Zealand’s BusinessNZ Performance of Services Index eased to 50.9 in January 2026 from 51.7 in the prior month, reflecting subdued confidence as holiday closures and seasonal shutdowns slowed enquiries and extended the post-Christmas lull. High living and operating costs added further pressure. Still, the sector managed to stay in expansion for the first month of the year, following a prolonged period of contraction. Of the five sub-indices, two remained in growth: activity/sales (54.2 vs 52.5 in December), while new orders slipped (51.8 vs 52.7). In contrast, stocks fell after growing previously (49.7 vs 52.0), and employment weakened further (49.1 vs 49.6).
2026-02-15