September 15, 2024 at 11:36PM
BNZ – BusinessNZ Performance of Services Index (PSI) for August 2024 is 45.4
prior 45.2
remains in contraction, now for 6 months in a row – longest period since the global financial crisis
average over the history of the survey is 53.2
BNZ’s Senior Economist Doug Steel:
smoothing through monthly volatility, the PSI’s 3-month average remains deep in contractionary territory at 43.9
This article was written by Eamonn Sheridan at www.forexlive.com.