BNZ – BusinessNZ Performance of Services Index (PSI)
For May 2025, 44.0, lowest level of activity since June 2024
BNZ’s Senior Economist Doug Steel (bolding is mine):
“the fall in the PSI follows the sharp decline in the Performance of Manufacturing Index (PMI) from 53.3 to 47.5. Together, they are consistent with the economy returning to recession. We’re a long way from forecasting this, but the data are a reminder of just how vulnerable the economy currently is” This article was written by Eamonn Sheridan at www.forexlive.com.Hence then, the article about new zealand s services pmi for may remains in deep contraction at 44 0 vs prior 48 1 was published today ( ) 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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