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".

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The February manufacturing PMI showed an increasing rate of expansion.