New Zealand services PMI for June 2024: 40.2 (prior 43.0) | Forexlive

New Zealand Performance of Services Index for June 2024, via BusiznessNZ, performed even worse than the appalling May report.

June came in at 40.2, second month in a row the lowest level of activity for the sector for a non-COVID lockdown month since the survey began in 2007

• prior 43.0
• Employment sub index @45.6 was at its lowest point since February 2022

BNZ’s Senior Economist Doug Steel said that “the Performance of Services Index has been well below average for more than a year. Moreover, the weakness appears to be accelerating”.