New Zealand’s BusinessNZ Performance of Services Index edged down to 50.9 in September 2026 from a downwardly revised 51.0 in August, marking the fourth consecutive month of expansion in the sector. The latest reading was down from an eight-month high in August, as growth in new orders eased (52.6 vs 54.8). Meanwhile, the sub-indices for stocks expanded faster (52.3 vs 50.9), while activity/sales returned to expansion (50.2 vs 49.2). By contrast, contractions were seen in supplier deliveries (49.4 vs 48.9) and employment (49.8 vs 49.4). The latest reading highlighted that cost-of-living pressures, interest rates, and election uncertainty remain front of mind for many. “What stands out to me is how much caution is still baked into the sector, as businesses are clearly in ‘wait-and-see’ mode with the election approaching, and that’s likely to keep a lid on any stronger lift until there’s more certainty,” BusinessNZ CEO Katherine Rich said. source: Business New Zealand

Services PMI in New Zealand decreased to 50.90 points in September from 51 points in August of 2026. Services PMI in New Zealand averaged 52.69 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 September from 51 points in August of 2026. Services PMI in New Zealand is expected to be 50.20 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 52.30 points in 2027 and 51.60 points in 2028, according to our econometric models.



Related Last Previous Unit Reference
Bankruptcies 78.00 69.00 Individuals Aug 2026
ANZ Business Confidence 52.50 51.90 points Oct 2026
NZIER Capacity Utilization 91.00 90.80 percent Sep 2026
Car Registrations 3904.00 3548.00 Units Sep 2026
Changes in Inventories -60.00 229.00 NZD Million Jun 2026
Corruption Index 81.00 83.00 Points Dec 2025
Corruption Rank 4.00 4.00 Dec 2025
Industrial Production 4.40 0.40 percent Jun 2026
Manufacturing Sales YoY 6.40 2.80 percent Jun 2026


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 Growth Eases in September
New Zealand’s BusinessNZ Performance of Services Index edged down to 50.9 in September 2026 from a downwardly revised 51.0 in August, marking the fourth consecutive month of expansion in the sector. The latest reading was down from an eight-month high in August, as growth in new orders eased (52.6 vs 54.8). Meanwhile, the sub-indices for stocks expanded faster (52.3 vs 50.9), while activity/sales returned to expansion (50.2 vs 49.2). By contrast, contractions were seen in supplier deliveries (49.4 vs 48.9) and employment (49.8 vs 49.4). The latest reading highlighted that cost-of-living pressures, interest rates, and election uncertainty remain front of mind for many. “What stands out to me is how much caution is still baked into the sector, as businesses are clearly in ‘wait-and-see’ mode with the election approaching, and that’s likely to keep a lid on any stronger lift until there’s more certainty,” BusinessNZ CEO Katherine Rich said.
2026-10-18
New Zealand Services Growth Hits 8-Month High
New Zealand’s BusinessNZ Performance of Services Index rose to 51.2 in August 2026 from 50.6 in July, marking the third consecutive month of expansion in the sector and the fastest increase in eight months. The latest reading matched the December 2025 figure, which was the strongest growth since September 2023, as two of the five sub-indices remained in expansion territory, with new orders (55.2 vs 52.8) recording the strongest reading, followed by stocks (50.8 vs 51.7). Meanwhile, contractions were seen in supplier deliveries (49.0 vs 48.4), employment (49.4 vs 48.5), and activity/sales (49.4 vs 50.4). The latest reading highlighted that cost-of-living pressures, interest rates, and election uncertainty remain front of mind for many. Sentiment was notably softer than in July, with 60.8% of comments negative. “It’s encouraging to see the PSI post its strongest reading since returning to growth, though at 51.2, this remains a fragile recovery,” BusinessNZ CEO Katherine Rich said.
2026-09-13
New Zealand Services Growth Slows in July
New Zealand’s BusinessNZ Performance of Services Index decreased to 50.6 in July 2026 from 50.9 in June, marking the second expansion in the services sector since December 2025. Two of the five sub-indices remained in expansion territory, with new orders (52.6 vs 53.3) recording the strongest reading, although at a softer pace, followed by stocks (51.6 vs 50.3) and activity/sales, which rebounded (50.5 vs 49.7). Meanwhile, contractions were seen in supplier deliveries (48.5 vs 51.2) and employment (48.5 vs 48.8). The latest reading highlighted that cost-of-living pressures, fuel and petrol prices, and rising interest rates remain front of mind for many, with a number also citing uncertainty ahead of the election. Sentiment was notably softer than in manufacturing, with 64% of comments negative.
2026-08-16