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New Zealand Services PMI August 2024: 45.5 (prior 45.2)

BNZ – BusinessNZ Performance of Services Index (PSI) for August 2024 is 45.4

prior 45.2remains in contraction, now for 6 months in a row – longest period since the global financial crisis average over the history of the survey is 53.2

BNZ’s Senior Economist Doug Steel:

smoothing through monthly volatility, the PSI’s 3-month average remains deep in contractionary territory at 43.9

This article was written by Eamonn Sheridan at www.forexlive.com.

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