NZ data - March Services PMI expands at its quickest in more than year

Author: Eamonn Sheridan | Category: News

New Zealand Performance of Services index for March, comes in at 58.8

  • prior was 55.3 (revised from 55.0)  
At 58.8 its at its highest (fastest rate of expansion) for 14 months
  • Sales activity near a record high
  • New orders up 
The sub index for employment disappointed, in at 50.5, so its in expansion), but not as strong as other sub indexes in the index
  • BNZ say this may be due to a difficulty in attracting labour (not just weak demand for labour)
BNZ also caution:
  •  "... It's definitely possible the March PSI result overstates the underlying trend".
The data point is not an immediate forex mover for the NZD .... and just noticed I posted the original title to the post began: "NA data - ".
Well, yeah :-D
(since corrected)

still to come from NZ, real soon ... 2245 GMT - New Zealand - Food prices for March
  • prior -0.5%

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