BNZ – BusinessNZ Performance of Services Index (PSI).
For March was 49.1, indicating a decline in service sector activity
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
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