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New Zealand's services sector shrank in February 2026 due to weak demand, high costs, and global tensions, reversing a prior rebound.
New Zealand's services sector contracted in February 2026, with the BNZ Performance of Services Index falling to 48.0, below the 50 threshold indicating expansion.
This marks a setback after a brief rebound, driven by weaker activity, sales, employment, and new orders.
Poor weather and ongoing economic challenges, including high living costs, inflation, and interest rates, contributed to the downturn.
Geopolitical tensions in the Middle East added to uncertainty.
While manufacturing showed resilience, the services sector's recovery remains fragile, with revised growth forecasts now lower than expected.
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El sector de servicios de Nueva Zelanda se redujo en febrero de 2026 debido a la débil demanda, los altos costos y las tensiones globales, revirtiendo un repunte anterior.