New Zealand Services PMI

Last Release

Nov 30, 2025

Actual

46.9

Units In

Points

48.4

Frequency

Monthly

Next Release

Jan 19, 2026

Time to Release

1 Months 3 Days 21 Hours

Highest	Lowest	Average	Date Range	Source
61.4 Apr 2021	26.8 Apr 2020	52.83 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) declined to 46.9 in November 2025 from 48.4 in October, sinking deeper into contraction and marking its weakest reading in six months. The index remained well below its long-term average of 52.8. All five sub-indices were in contraction, with Activity/Sales (45.8) posting the sharpest deterioration, while New Orders/Business (49.3) edged slightly higher but remained below the breakeven level. Employment (46.4) also weakened from October. Despite the deeper contraction in November, the share of negative comments eased to 52.9%, down from 54.1% in October and 58.0% in September. Respondents continued to cite a challenging economic backdrop, pointing to weak consumer confidence, high living costs, inflation, elevated interest rates, and reduced discretionary spending as the primary factors weighing on services sector activity.