New Zealand August Services PMI 47.5, down from previous 48.9 ...Middle East

PSI for August was 47.5, has now been in contraction for 18 months

1.4 points lower than Julythe average is 52.9 over the history of the survey"Service sector businesses reported widespread pressures from inflation, high interest rates, cost-of-living impacts, and weak consumer confidence, all contributing to reduced demand and spending. Other concerns included seasonal slowdowns, rising operating costs, supply chain disruptions, and government policy uncertainty. "

BNZ’s Senior Economist Doug Steel:

“across the economy, we still believe the general signs of a turning point are there. However, there is a very real risk any ensuing bounce takes longer than currently expected”. This article was written by Eamonn Sheridan at investinglive.com.

Hence then, the article about new zealand august services pmi 47 5 down from previous 48 9 was published today ( Monday 15/09/2025 - 01:37 AM ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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