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”.
NZD little changed
