BNZ - BusinessNZ Performance of Services Index (PSI)
BusinessNZ chief executive Kirk Hope:
- "While the proportion of positive comments for January (59.6%) was largely unchanged from December (60.0%), the sub-index of new orders/business (57.6) fell below the 60.0 point mark for the first time since April 2017. Given new orders/business is a lead indicator for activity/sales, this will be one to watch in the next few months".
BNZ Senior Economist Craig Ebert
- "while the PSI is relatively robust, combined with the Performance of Manufacturing Index it nonetheless signals something of a slowing in GDP growth for the near term"
--
ps. Does not tend to be an FX mover upon release
