The Business NZ Performance of Services Index in New Zealand rose to 55.4 in October of 2018 from an upwardly revised 54.2 in the previous month. It is the strongest reading since May, as sales (57.8 from 56.2 in September) and new orders (57.9 from 56.2) increased at a faster pace. Also, employment rebounded (54.0 from 49.7), rising to its highest level since December 2017. On the other hand, inventories (52.2 from 53.8) and supplier deliveries (51.2 from 52.3) decreased. Services Pmi in New Zealand averaged 54.49 from 2007 until 2018, reaching an all time high of 60.90 in April of 2007 and a record low of 44.70 in November of 2008.

Services Pmi in New Zealand is expected to be 56.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Services Pmi in New Zealand to stand at 54.68 in 12 months time. In the long-term, the New Zealand Services Pmi is projected to trend around 54.68 in 2020, according to our econometric models.

New Zealand Services Pmi
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New Zealand Business Last Previous Highest Lowest Unit
Business Confidence -37.10 -37.10 80.90 -76.40 percent [+]
Manufacturing PMI 53.50 51.90 62.80 36.10 [+]
Industrial Production -0.30 1.70 17.60 -10.50 percent [+]
Capacity Utilization 93.20 93.50 93.60 86.33 percent [+]
Changes in Inventories 136.00 584.00 769.00 -906.00 NZD Million [+]
Car Registrations 5969.00 5488.00 6933.00 810.00 [+]
Internet Speed 14708.73 12865.57 14708.73 1998.81 KBps [+]
IP Addresses 1778178.00 1690601.00 2110050.00 831298.00 IP [+]
Services Pmi 55.40 54.20 60.90 44.70 [+]
Steel Production 50.07 47.56 89.00 30.94 Thousand Tonnes [+]
Competitiveness Index 77.51 78.09 78.09 4.91 Points [+]
Competitiveness Rank 18.00 16.00 25.00 16.00 [+]
Composite Pmi 54.50 53.20 59.50 40.00 [+]
Ease of Doing Business 1.00 1.00 3.00 1.00 [+]
Corruption Index 89.00 90.00 96.00 88.00 Points [+]
Corruption Rank 1.00 1.00 4.00 1.00 [+]


New Zealand Services Pmi

The Business NZ Performance of Manufacturing Index (PMI) is a composite index based on the diffusion indexes for production, new orders, delivered, inventories and employment. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change. This page provides - New Zealand Services Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Services Pmi - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
55.40 54.20 60.90 44.70 2007 - 2018 Monthly
SA




Country Last Previous
Australia 55.10 Nov/18
Brazil 51.30 Nov/18
China 53.80 Nov/18
Euro Area 53.40 Nov/18
France 55.10 Nov/18
Germany 53.30 Nov/18
India 53.70 Nov/18
Italy 50.30 Nov/18
Japan 52.30 Nov/18
Russia 55.60 Nov/18
Spain 54.00 Nov/18
United Kingdom 50.40 Nov/18
United States 54.70 Nov/18


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