New Zealand data: Performance Services Index for March comes in at 54.4 (prior 55.8) | Forexlive

Last week we had the manufacturing PMI slumping into contraction:

The Services PMI has held up in expansion:

BusinessNZ chief executive Kirk Hope:

• “Although there was a moderate decline in expansion levels during March, the proportion of negative comments jumped from 51.9% in February to 58.6% in March. A cooling economy, effects of price increases and general uncertainty were the main comments that came through”.

BNZ Senior Economist Craig Ebert:

• “while the PSI held reasonably firm in March, the PMI slipped into a slightly negative position. Still, there was enough in them, overall, to suggest a positive underlying tendency in activity”.