Advertisement
New Zealand Performance Of Services Index Slips To 48.9 - BusinessNZ
(RTTNews) - The services sector in New Zealand fell into contraction territory in October, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 48.9.
That's down from the downwardly revised 50.6 in September (originally 50.7) and it slides beneath the boom-or-bust line of 50 that separates expansion from contraction.
Among the individual components, supplier deliveries (49.8), activity/sales (47.4) and employment (49.3) contracted, while stocks (51.1) and new orders (51.9) expanded.
"Combined, the PSI (48.9) and PMI (42.5) paint a picture of economic angst. This counsels caution around GDP for Q3, after it posted a surprising gain of 0.9% in Q2," BNZ Senior Economist Craig Ebert said.
read more
New Zealand Manufacturing Sector Expands In July - BusinessNZ
The manufacturing sector in New Zealand moved up into expansion territory in July, BusinessNZ said on Friday with a seasonally adjusted Performance of Manufacturing Index score of 52.8.
RTTNews
|
7h 13min ago
New Zealand Jobless Rate Climbs To 5.2% In Q2
The unemployment rate in New Zealand came in at a seasonally adjusted 5.2 percent in the second quarter of 2025, Statistics New Zealand said on Wednesday.
RTTNews
|
9 days ago
New Zealand Has NZ$142 Million Trade Surplus In June
New Zealand posted a seasonally adjusted merchandise trade surplus of NZ$142 million in June, Statistics New Zealand said on Tuesday.
RTTNews
|
24 days ago
New Zealand Annual Inflation Climbs 2.7% In Q2
Consumer prices in New Zealand were up 2.7 percent on year in the second quarter of 2025, Statistics New Zealand said on Monday - up from 2.5 percent in the three months prior but shy of expectations for 2.8 percent.
RTTNews
|
25 days ago
NZ Dollar Slides Against Most Majors
The New Zealand dollar weakened against most major currencies in the Asian session on Thursday.
RTTNews
|
28 days ago
New Zealand Services Index Improves In June - BusinessNZ
The services sector in New Zealand continued to contract in June, albeit at a slower pace, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 47.3.
RTTNews
|
32 days ago
New Zealand Manufacturing Sector Improves In June - BusinessNZ
The manufacturing sector in New Zealand continued to contract in June, albeit at a slower rate, the latest survey from BusinessNZ revealed on Friday with a Performance of Manufacturing Index score of 48.8.
RTTNews
|
35 days ago
New Zealand Holds Key Rate As Expected
The Reserve Bank of New Zealand left its benchmark interest rate unchanged on Wednesday citing elevated level of uncertainty and near-term risks to inflation. The Monetary Policy Committee, governed by Christian Hawkesby, decided to hold the Official Cash Rate at 3.25 percent. The bank has paused the easing cycle for the first time since it started cutting rates in August 2024.
RTTNews
|
37 days ago
