Nya Zeeland - Tjänster Pmi

The BusinessNZ Performance of Services Index in New Zealand decreased to 53.3 in November 2019 from a downwardly revised 55.3 in the previous month. The latest reading pointed to the slowest expansion in services activity since June and was also below its long-term average of 54.4. Growth eased significantly for new orders/business (53.9 vs 61.9 in October) which was at its lowest level since September 2012; and the sub-index of activity/sales (54.1 vs 57.9) also fell to its lowest point since April 2019. Meanwhile, faster increases were seen for both employment (51. 6 from 51.5) and stocks/inventories (56.5 vs 51.8).

The BusinessNZ Performance of Services Index in New Zealand rose to 55.4 in October 2019 from an upwardly revised 54.5 in the previous month. The latest reading pointed to the fastest expansion in services activity since January and was also exactly one point above its long-term average. Both new orders (62.1 from 59.5 in September) and activity/sales (58.1 from 54.5) grew much faster. Meanwhile, employment (52.0 from 52.6) rose at a softer pace while stocks level remained barely unchanged (51.3 from 51.2).

The BusinessNZ Performance of Services Index in New Zealand decreased to 54.4 in September 2019 from 54.6 in August. The latest reading pointed to the weakest expansion in the services activity since June and was also exactly at the long-term average. Slower growth was recorded for sales (54.4 from 56.1 in August); employment (52.7 from 53.4); stocks (51.8 from 53.5) and supplier deliveries (50.5 from 51.6). On the other hand, new orders advanced to 59.3 in September from 56.9 in August, its highest since January.

The BusinessNZ Performance of Services Index in New Zealand was little-changed at 54.6 in August 2019, compared to a revised 54.8 in the previous month. Of the main sub-indexes, production decreased 1.2 points to 56.1, while new orders 1.6 points to 56.8.

The Business NZ Performance of Services Index in New Zealand rose to 54.7 in July 2019 from an upwardly revised 53.0 in the previous month, above the long term average of 54.4. It was the strongest gain in services activity since January, driven by new orders/business (58.2 from 55.3 in June) and activity/sales (57.2 from 55.0). Also, employment (51.7 from 51.0) and stocks/inventories (54.4 from 53.6) improved slightly. Meanwhile, supplier deliveries fell further into contraction (48.8 vs 49.1).

The Business NZ Performance of Services Index in New Zealand dropped to 52.7 in June 2019 from a revised 53.5 in the previous month, remaining below the long term average of 54.4. New orders/business growth slowed to its lowest level since September 2012 (54.8 vs 55.8 in May) and activity/sales also rose at a softer rate (54.7 vs 54.9). In addition, the pace of job creation remained subdued (50.9 vs 50.6), while supplier deliveries again fell back into contraction (49.4 vs 51.4).