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New Zealand October services PMI higher at 48.7 but still in contraction (prior was 48.3)

BusinessNZ New Zealand Performance of Services Index for October 2025 improves to 48.7

  • from September’s 48.3
  • this is the 20th month in a row in contraction

PSI’s sub-components all below the breakeven 50 mark

  • all below
    their long-term averages
  • new orders index 49.5, but is farthest below its long-term
    average
  • activity/sales index rose to 48.9, its
    best outcome since January 2025 and its second-best
    month since February 2024
  • employment index
    rose to 48.8, best since March

This article was written by Eamonn Sheridan at investinglive.com.

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