New Zealand's services sector PSI fell to 40.2 in June, indicating continued contraction.
New Zealand's services sector contracted further in June, with the BusinessNZ Performance of Services Index (PSI) score falling to 40.2 from 42.6 in May. Subcategories like sales, employment, new orders, inventories, and supplier deliveries all reported contraction. The PSI has been below average for over a year, and the contraction is attributed to global economic pressures and domestic uncertainties.
July 14, 2024
4 Articles