New Zealand services PMI, the BusinessNZ Performance of Services Index, for April 2025, 48.5

  • down from March's 49.1
  • well below the average of 53.0 over the history of the survey

BusinessNZ’s CEO, Katherine Rich said the sector has fallen back into a pattern of mild contraction

BNZ’s Senior Economist Doug Steel:

  • “for all the commentary around the economic recovery, the PSI is a good reminder that current conditions are extremely challenging. New Zealand’s PSI remains weaker than all our key trading partners. At 48.5, it’s consistent with a service sector still moving backwards”.
New Zealand services pmi april 2025 2

Earlier:

Source: Forex Live