New Zealand services PMI (October) to 57.4 (prior 55.9) | Forexlive

From New Zealand, data for the October BNZ – BusinessNZ Performance of Services Index, hitting 57.4

• prior 55.9
• long-term average of 53.6

BNZ Senior Economist Craig Ebert:

• “the latest NZ PSI and PMI results chime with the narrative of spending shifting back to services, away from durables. However, they also highlight a divergence to what’s been going on globally, with respect to services industries”

Strong results across the sub-measures: