BNZ – BusinessNZ Performance of Services Index (PSI).

For March was 49.1, indicating a decline in service sector activity

  • February was 49.0
  • long run average is 53.0

BNZ’s Senior Economist Doug Steel:

  • “combining together the PSI and the Performance of Manufacturing Index (PMI), the Composite Index (PCI) suggests a modest economic recovery. The extent of growth implied by our indicator has been dampened by the softer PSI readings”.
New Zealand services pmi march 2025 2

NZD little changed

Source: Forex Live