BNZ – BusinessNZ Performance of Services Index (PSI)
for January was 54.5
December was 52
long-term average 53.6
BusinessNZ chief executive Kirk Hope:
- “Despite the halt in lower expansionary levels, the trend of a higher proportion of negative comments continued in January (61.7%), compared with 58.2% in December and 47.3% in November. The holiday season was a common theme, along with the shortage of labour and general market uncertainty that has been evident for some months now”.
BNZ Senior Economist Doug Steel:
- said that “as encouraging as January’s PSI result might look, we are reluctant to read too much into one month’s result – especially around the holiday period”.
New Zealand services pmi 13 February 2023
