New Zealand Services PMI

Last Release

Aug 31, 2025

Actual

47.5

Units In

Points

48.9

Frequency

Monthly

Next Release

Oct 12, 2025

Time to Release

26 Days 22 Hours

Highest	Lowest	Average	Date Range	Source
61.4 Apr 2021	26.8 Apr 2020	52.9 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 (PSI) dropped to 47.5 in August 2025 from 48.9 in July, staying well below the long-term average of 52.9 and extending its contraction streak to 18 months. Among the sub-indexes, both Activity/Sales (46.2) and New Orders/Business (47.8) weakened further from July, while Employment (48.3) improved slightly but remained in persistent decline. The share of negative comments rose to 59.6% in August from 58.5% in July, though lower than June’s 66.2%. Service providers highlighted ongoing pressures from inflation, elevated interest rates, cost-of-living strains, and weak consumer sentiment, which continued to dampen demand. Additional headwinds cited included seasonal slowdowns, rising input costs, supply chain disruptions, and uncertainty surrounding government policy.