The Business NZ Performance of Services Index in New Zealand jumped to 55.2 in May of 2022 from an upwardly revised 52.2 in the previous month. It is the highest reading since June last year and fourth consecutive growth in the services sector, amid a steeper expansion both in new orders (62 vs 55.2 in April) and sales (59.6 vs 53.3). Also, supplier deliveries rose at a faster pace (45 vs 40.7). Meanwhile, employment fell (48.5 vs 51) and inventories edged down (54.6 vs 55). source: Business New Zealand
Services PMI in New Zealand averaged 53.55 points from 2007 until 2022, reaching an all time high of 61 points in April of 2021 and a record low of 26.40 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 July of 2022.
Services PMI in New Zealand is expected to be 53.00 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 2023, according to our econometric models.