The Business NZ Performance of Services Index in New Zealand dropped to 52.9 in March 2019 from a downwardly revised 53.6 in the previous month. The March result was the lowest since December 2012, and below the long term average of 54.5 for the survey, as the key sub-index of new orders/business decreased 4.3 points to 54.9, its lowest level since September 2012. Also, other main sub-indexes posted small declines: employment (down 0.9 points to 50.9); and activity/sales (down 0.8 points to 52.5). Meanwhile, increases were seen in supplier deliveries (up 0.8 points to 50.8) and stocks/inventories (up 0.5 points to 49.8). Services Pmi in New Zealand averaged 54.47 from 2007 until 2019, 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 54.80 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 57.00 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 -38.00 -30.90 80.90 -76.40 percent [+]
Manufacturing PMI 51.90 53.40 62.80 36.10 [+]
Industrial Production 0.30 -0.30 17.60 -10.50 percent [+]
Capacity Utilization 92.80 92.80 93.60 86.33 percent [+]
Changes in Inventories 105.00 148.00 769.00 -907.00 NZD Million [+]
Car Registrations 5119.00 4933.00 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 52.90 53.60 60.90 44.70 [+]
Steel Production 53.48 55.55 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 51.90 54.20 59.50 40.00 [+]
Ease of Doing Business 1.00 1.00 3.00 1.00 [+]
Corruption Index 87.00 89.00 96.00 87.00 Points [+]
Corruption Rank 2.00 1.00 4.00 1.00 [+]


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. 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
52.90 53.60 60.90 44.70 2007 - 2019 Monthly
SA




Country Last Previous
Australia 44.80 Mar/19
Brazil 52.70 Mar/19
China 54.40 Mar/19
Euro Area 52.50 Apr/19
France 50.50 Apr/19
Germany 55.60 Apr/19
India 52.00 Mar/19
Italy 53.10 Mar/19
Japan 52.00 Mar/19
Russia 54.40 Mar/19
Spain 56.80 Mar/19
United Kingdom 48.90 Mar/19
United States 52.90 Apr/19


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