The BusinessNZ Performance of Services Index in New Zealand fell to 44.6 in October of 2021 from a downwardly revised 46.5 in September, showing that the services sector stepped further into contraction. The key sub-indexes of Activity/Sales (43.7) and New Orders/Business (46.4) remained in contraction, while Employment (50) remained unchanged. "With Auckland taking another recent step towards opening up, this will hopefully provide greater ability for a number of service sector businesses in New Zealand's largest city to lift their activity levels and prepare more fully for the Christmas period ahead", BusinessNZ chief executive Kirk Hope said. source: Business New Zealand
Services PMI in New Zealand averaged 53.69 points from 2007 until 2021, reaching an all time high of 61.70 points in April of 2021 and a record low of 27 points in April of 2020. This page provides - New Zealand Services Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Services PMI - data, historical chart, forecasts and calendar of releases - was last updated on November of 2021.
Services PMI in New Zealand is expected to be 48.00 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 53.00 points in 2022, according to our econometric models.