BNZ - BusinessNZ Performance of Services Index (PSI)
PSI for August was 57.3
- up 1.3 points on July
BusinessNZ chief executive Kirk Hope:
- "Looking at the sub-indices, the two key values of activity/sales (62.9) and new orders/business (63.1) picking up pace assisted the overall result. In addition, the proportion of positive comments (66.9%) lifted well above the 60-point mark compared with July"
BNZ Senior Economist Craig Ebert said that
- "melded with the PMI, the latest PSI forms a picture of rude growth in the NZ economy, overall. Indeed, the composite index continues to point to annual GDP growth running in the order of 3 to 4%".
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Reminder - NZ election coming up on September 23 - watch election polls as influence on the NZ this week, although there is important data due also: New Zealand - big week coming up & an election that's too close to call
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