New Zealand Services PMI

Last Release

Jun 30, 2025

Actual

47.3

Units In

Points

44.1

Frequency

Monthly

Next Release

Aug 17, 2025

Time to Release

1 Months 2 Days 23 Hours

Highest	Lowest	Average	Date Range	Source
61.4 Apr 2021	26.8 Apr 2020	52.94 Points	2007-2025	Business New Zealand

The Business NZ Performance of Services Index (PSI) is a composite index based on the diffusion indexes for sales, new orders, delivered, inventories and employment. A reading above 50 indicates an expansion of the Services sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.

Latest Updates

New Zealand’s BusinessNZ Performance of Services Index rose to 47.3 in June 2025, up from 44.1 in May. Despite the improvement, the index remained in contraction territory for the fifth straight month and continued to trend well below its long-term average of 52.9. The services sector continues to face significant headwinds, including weak consumer confidence, high living costs, and ongoing economic uncertainty. Reduced household spending, persistent inflation, elevated interest rates, and government cutbacks are weighing heavily on activity. Seasonal factors such as winter and a decline in tourist arrivals have further dampened demand. Among the sub-indexes, Activity/Sales (44.5) and New Orders/Business (48.8) remained in contraction. Notably, Stocks/Inventories (50.6) showed expansion for the first time since November 2024. However, Employment (47.2) stayed in negative territory for the 19th consecutive month, reflecting continued labor market weakness in the sector.