BusinessNZ Performance of Services Index
Expansion at a slower rate in February than in January, down to 53.8 from 56.3
The longer run average for this survey is 54.5.
- sub-index activity/sales came in at 53.4, down 8.1 points
- supplier deliveries 49.9 fell into contraction
BNZ Senior Economist Doug Steel
- "The PSI has shown little direction over the past six months, but overall indicates positive economic growth albeit a bit slower than was prevailing a year ago".
--
The February manufacturing PMI showed an increasing rate of expansion.