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New Zealand January services PMI jump into expansion at 50.4 (prior 47.9)

  • February 16, 2025
  • -FCHFX

February 16, 2025 at 09:45PM
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”

This article was written by Eamonn Sheridan at www.forexlive.com.

New Zealand January services PMI jump into expansion at 50.4 (prior 47.9)
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