New Zealand data – June services PMI 50.1 (prior 53.3) | Forexlive

BusinessNZ Performance of Services Index (PSI) for June 2023 comes in still barely in expansion at 50.1

• prior 53.3
• activity levels for the last three months have all been below the long-term average

BNZ Senior Economist Craig Ebert

• “together, the NZ PSI and PMI paint a picture of flat GDP, slightly declining employment, and an order book that does not offer much, if anything, in the way of encouragement”