New Zealand’s services sector PMI from the BNZ – BusinessNZ Performance of Services Index (PSI) for January 2025
50.4, expanding again after 10 consecutive months of contraction
- prior 47.9
Sub-index Activity/Sales, highest value since March 2023
- New Orders/Business highest since February 2024
- Employment and Supplier Deliveries remained in contraction
BNZ’s Senior Economist Doug Steel:
- “the PSI is consistent with stabilisation rather than elevation, but its latest move upwards is encouraging”
