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). source: Business New Zealand

Services PMI in New Zealand decreased to 50.90 points in January from 51.70 points in December of 2025. Services PMI in New Zealand averaged 52.81 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 50.90 points in January from 51.70 points in December of 2025. Services PMI in New Zealand is expected to be 50.60 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 44.00 53.00 Individuals Jan 2026
ANZ Business Confidence 64.10 73.60 points Jan 2026
NZIER Capacity Utilization 89.80 89.10 percent Dec 2025
Car Registrations 3168.00 3015.00 Units Jan 2026
Changes in Inventories -429.00 -45.00 NZD Million Sep 2025
Corruption Index 81.00 83.00 Points Dec 2025
Corruption Rank 4.00 4.00 Dec 2025
Industrial Production -0.70 -4.80 percent Sep 2025
Manufacturing Sales YoY 0.90 -0.50 percent Sep 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 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
New Zealand Services Activity Swings to Expansion
New Zealand’s BusinessNZ Performance of Services Index (PSI) rose to 51.5 in December 2025 from 46.9 in November, moving into expansion and ending the longest run of contraction since the survey began; the index remained below its long-term average of 52.8. Three of the five sub-indices were in expansion, with New Orders/Business (52.5) leading the way after four months of contraction, followed by Activity/Sales (52.2) and Stocks/Inventories (51.9), while Employment (49.6) remained in slight contraction. Despite the return to overall expansion, the share of negative comments eased to 50.4%, down from 52.9% in November and 54.1% in October. Respondents continued to cite weak demand and confidence, high living and operating costs and Christmas-related shutdowns as the primary factors weighing on services sector activity.
2026-01-19
New Zealand Services Activity Falls to 6-Month Low
New Zealand’s BusinessNZ Performance of Services Index (PSI) declined to 46.9 in November 2025 from 48.4 in October, sinking deeper into contraction and marking its weakest reading in six months. The index remained well below its long-term average of 52.8. All five sub-indices were in contraction, with Activity/Sales (45.8) posting the sharpest deterioration, while New Orders/Business (49.3) edged slightly higher but remained below the breakeven level. Employment (46.4) also weakened from October. Despite the deeper contraction in November, the share of negative comments eased to 52.9%, down from 54.1% in October and 58.0% in September. Respondents continued to cite a challenging economic backdrop, pointing to weak consumer confidence, high living costs, inflation, elevated interest rates, and reduced discretionary spending as the primary factors weighing on services sector activity.
2025-12-14