BusinessNZ Performance of Services Index (PSI) in July: 54.3 vs. June's revised 54.3 54.1

Its all happening in NZ to open the week!

BNZ Senior Economist Doug Steel

  • "activity/sales and new orders, which were hit hard over recent months, have led the bounce back. The activity/sales index has ramped up to 58.7 from 32.7 in May, while new orders jumped to 59.6 from 35.2. It is positive, if only one step forward after a giant leap backwards".
BusinessNZ Performance of Services Index (PSI) in July: 54.3 vs. June's revised 54.3 54.1

NZD barely changed. It rarely moves on the services PMI release.