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New Zealand’s services sector grew slightly in January 2026, with inflation still above target.
New Zealand’s services sector expanded slightly in January 2026, with the BusinessNZ Performance of Services Index at 50.9, down from December but still above the 50 threshold indicating growth.
Activity and sales rose, though employment and inventories contracted.
Business sentiment weakened, with nearly 59% of comments negative, citing high costs and weak demand.
The manufacturing sector also grew, supporting signs of economic recovery.
Inflation remains above target at 3.1%, raising potential future rate hike concerns, though no immediate changes are expected.
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El sector de servicios de Nueva Zelanda creció ligeramente en enero de 2026, con una inflación todavía por encima del objetivo.