BusinessNZ Performance of Services Index (PSI),
- new orders 62.8
- activity/sales 57.0, its highest since January 2019
- Supplier deliveries 56.5 strongest result since June 2017
BNZ Senior Economist Doug Steel
- "for now, January's glowing PSI report fits with the rather upbeat view of the economy expressed by the Reserve Bank last week. In the least, it helps offset a still soft looking PMI. Regardless, the near term outlook heavily depends on how much - and for how long - disruption occurs as a result of local weather conditions and COVID-19"
